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At the start of March, the venture capital arms of two blue chip defense hardware companies revealed a pair of investments in startup technology companies as part of the constant search for "what's next."

Roughly two weeks on from that, the venture organizations of Lockheed Martin and Raytheon Technologies have a new pair of investments in emerging firms to talk about.

Here are their latest finds announced Wednesday.

Lockheed Martin Ventures

For this team of the world's largest defense company, identifying creations of promise in power and propulsion is a top priority as they look to bring those technologies into the military environment.

REGENT, a maker of electric-powered sea vehicles, represents the newest investment of Lockheed Martin Ventures and follows on from the backing of electric motor manufacturer H3X Technologies announced at the beginning of March. Terms of the investment in REGENTwhich stands forRegional Electric Ground Effect Nautical Transportwere not disclosed.

As REGENT and Lockheed see things: The Defense Department wants to incorporate high-speed, low-cost, low-signature, runway-independent mobility into maritime vehicles. REGENT designs its seagliders to travel at airplane-like speeds for up to 180 miles between destinations on all-electric, zero-emission power.

The company was founded in late 2020 and touts having secured $7.9 billion in orders since then from major airlines and leading ferry operators. REGENT plans to use Lockheed's investment for adapting the seagliders for use in defense missions such as logistics resupply, cargo transport, and search and rescue.

We believe that REGENT seagliders can bring tailored solutions to the future battlespace," Chris Moran, vice president and general manager of Lockheed Martin Ventures, said in a release. This investment reflects our commitment to innovating technologies that have the potential to transform the way we adapt to our customers needs and support mission success."

"We see defense strategy evolving toward an island-hopping force featuring agile, affordable, and distributed craft, REGENT's co-founder and chief executive Billy Thalheimer added. This investment is a strong signal that seagliders can fill this immediate need in the high-priority missions faced by our Department of Defense."

RTX Ventures

This division of Raytheon Technologies is one of several investors that are committing capital to Strangeworks, a five-year-old company focused on making quantum computing a reality.

Strangeworks fetched $24 million in a Series A funding led by Hitachi's venture capital arm, with RTX Ventures and IBM lined up as new investors. Lightspeed Venture Partners, Great Point Ventures and Ecliptic Capital made follow-on investments into a company they helped stand up with initial seed money.

The idea behind quantum is to increase computing power by encoding information through chains of entangled subatomic particles.

Traditional computers encode information through bits that are represented as either a 1 or 0. But quantum bits, or qubits, work to superimpose that bit value to be both a 1 and 0 at the same time and thus generating more computing power.

Strangeworks secured this funding round for its five-year plan to further develop the quantum computing capability and incorporate artificial intelligence into those new products.

"We believe Strangeworks' platform and their ability to make quantum and high-performance computing more accessible can support a wide range of applications in the aerospace, defense, and commercial sectors," Dan Ateya, president and managing director of RTX Ventures, said in a release.

"Raising the Series A from these exceptional investors in this challenging economic climate sends a clear message to the market on where enterprise companies are placing their bets in the race to create quantum value," Strangeworks' founder and CEO William Hurley added.

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Quantum computing and seagliders mark the week's defense ... - Washington Technology

After Jeremy Hunts Budget announcement of a 10-year programme to invest 2.5bn in quantum computing to keep the country at the forefront of a global industry, The Inclusion Initiative at LSE released a briefing which describes how firms can make sure that they embrace both Diversity & Inclusion for the betterment of their business.

The quantum sector is at the forefront of technology, dealing with some of the worlds most pressing issues, such as energy provision and supply chain logistics. It relies on its workforce to be innovative and creative. However, diversity is lacking: only 1 in 54 applicants for quantum roles are female, while 80% of quantum companies do not have a senior female figure, according to search firm Quantum Futures.

The City Quantum Summit briefing, by Cecily Josten, Dr Grace Lordan and Karina Robinson, calls for the importance of debiasing search and hiring, encouraging task-based assessments to overcome affinity-based hiring from over-relying on interviews. It also asks that Diversity & Inclusion is treated like any other major business priority. Finally, the briefing states that the quantum sector needs to invest in upskilling leaders in inclusive leadership, so that every leader ensures that all colleagues get equal opportunities, visibility and voice.

Karina Robinson, Founder of The City Quantum Summit and Senior Advisor to Multiverse Computing, said: The future of inclusion in quantum comes down to collaboration measuring success, measuring failure and sharing that with other firms to learn from each other. Without that, we are likely to repeat the mistakes of the past.

Dr Grace Lordan, Director of the Inclusion Initiative and author of Think Big, said: Quantum computing will play a big role in shaping our world in the future. It is important that the world is shaped by people with different perspectives and backgrounds. Women are few and far between in the sector right now: we need to change this.

Cecily Josten, TII Researcher, said: The quantum industry is missing out on talent, innovation and productivity without diverse hiring and being inclusive employers.

whurley, Founder of Strangeworks, said: Providing equal access and equal opportunities will make the difference between humanitys future being diverse or dystopian.

Denise Ruffner, President of DiviQ: This study is a great summary of the problems and solutions to bring diversity into the quantum industry.

Denise Wilson OBE, CEO at FTSE Women Leaders Review, said: D&I must be owned and held accountable at Board level.

This briefing paves the way for The Inclusion Initiatives future research focus on Diversity & Inclusion in a quantum sector forecast to be worth up to $10 billion by 2027.

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More diversity and inclusion needed in quantum computing - The London School of Economics and Political Science

"We observed that one photon was delayed by a longer time compared to two photons. With this really strong photon-photon interaction, the two photons become entangled in the form of what is called a two-photon bound state."

By demonstrating the ability to identify and manipulate photon-bound states, the researchers have taken a vital first step toward harnessing quantum light for practical use.

Dr. Mahmoodian's future research will focus on applying this approach to generate states of light useful for fault-tolerant quantum computing, which is already being pursued by multimillion-dollar companies such as PsiQuantum and Xanadu.

The team believes the same principles can be applied to develop more efficient devices that produce photon-bound states, promising applications in various areas such as biology, advanced manufacturing, and quantum information processing.

The research collaboration involved the University of Sydney, the University of Basel, Leibniz University Hannover, and Ruhr University Bochum.

Originally posted here:
Quantum light manipulation breakthrough could lead to advances in ... - Interesting Engineering

New York, March 22, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Quantum Computing in Automotive Market by Application, Deployment, Component, Stakeholder & Region - Global Forecast to 2035" - https://www.reportlinker.com/p06434836/?utm_source=GNW Immense quantum computing capabilities are projected to bring life-changing results across the entire value chain of the automotive industry.

Autonomous & connected vehicles to become the fastest-growing segment during the forecast periodDevelopments in autonomous vehicles will be significant in the near years.The future adoption of Level 3, 4, and 5 autonomous vehicles could result in passengers spending more time in cars and less time physically driving them.

Few surveys suggest that about 90% of these autonomous vehicles will be shared, and 10% will be used for personal commuting.Owing to these advantages, quantum computing can act as a breakthrough advancement to make autonomous vehicles a reality soon with lower error margins.

For instance, quantum computing algorithms can rapidly process and calculate huge amounts of data generated from LIDAR, RADAR, & image sensors, and other advanced systems.This would be helpful in training & developing intelligence within the vehicle to operate with little manual intervention.

With the help of quantum optimization and simulation algorithms, it is possible to optimize this data in a fraction of the time against traditional computers, which may require years to process. Quantum computing would be useful to provide faster computation and develop meaningful insights for critical areas necessary for proper vehicle functioning. Likewise, Quantum machine algorithms can also detect objects and recognize patterns. They can potentially provide faster and more accurate results, improving the overall performance and safety of the vehicle. Rising applications of quantum computing in autonomous vehicles for different applications, such as route optimization of the autonomous vehicle, integration of data produced by various sensors, 3D object recognition, and cybersecurity, would fuel the growth of quantum computing technology for developing autonomous vehicles.

Software segment to lead the quantum computing market in the automotive industryThe software segment is projected to lead the quantum computing market in the automotive industry by component.With the rising efforts and investments by private and public entities to develop a commercially viable and fault-free physical quantum computer, the advancement in the software environment is also necessary to improve quantum computer performance.

As clients from multiple industry industries continue to grow, technology providers would focus on developing sustainable quantum computing software to cater to the upcoming requirements of various industries.According to the "State of Quantum 2022 Report", 66% of companies consider software development a main priority for quantum computing technology.

Established companies and multiple start-ups are expected to develop different versions of software platforms that can fill gaps in existing software and enhance the performance of quantum computers. Associated complexity, huge capital investments, and scarcity of qualified professionals required to develop physical quantum computers are expected to limit fewer new entrants in hardware development in the future. Alternatively, this will bring immense growth opportunities for software developers to integrate themselves into the existing stack to develop disruptive software and reap tremendous business revenues in the coming years

Asia Pacific is projected to be the fastest-growing market for quantum computing in the Automotive market by 2035During the forecast period, Asia Pacific will be the fastest-growing market for quantum computing in the automotive industry.Asia Pacific has emerged as a hub for automotive production in recent years, due to which most automotive OEMs and component manufacturers are based out of Asian countries.

China, India, Japan, and South Korea are major vehicle production hubs in the region and have planned some promising considerable to be invested in quantum computing technology.Further few regional players, such as Hyundai Motors and AISIN Group, have started exploring quantum computing capabilities in electric vehicle batteries, autonomous vehicles, and material research.

Improving per capita income, changing consumer preferences, and tightening emission norms have further increased competition among the regional players to sustain their market hold. This quantum computing technology can help them remain competitive in the coming years.

In-depth interviews were conducted with CXOs, VPs, directors from business development, marketing, product development/innovation teams, independent consultants, and executives from various key organizations operating in this market. By Stake Holders: Demand Side 20%, Supply Side 80% By Designation: Director Level 30%, C Level Executives - 10%, and Others - 60% By Region: Asia Pacific 40%, Europe - 20%, and North America 40%

Quantum computing in the automotive market is led by globally established players such as IBM Corporation (US), Microsoft Corporation (US), Amazon (US), D-Wave Systems, Inc.(US), and Rigetti & Co, LLC (US).

Research Coverage:The study segments the automotive quantum computing market and forecasts are based on the application type (Route Planning & Traffic Management, Battery Optimization, Material Research, Autonomous, and Connected Vehicles, Production Planning and Scheduling, and others), by deployment type (Cloud, and On-premises), by component type (Software, Hardware, and Services), by Stakeholder type (OEM, Automotive tier 1 and 2, and Warehousing and Distribution), and Region (Asia Pacific, Europe, and Americas).

The study also includes an in-depth competitive analysis of the markets key players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall quantum computing in the automotive market and the sub-segments.This report will help to understand the potential applications of quantum computing technology and OEM tie-ups for the use of quantum computing technology for various applications.

This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies.This report will help stakeholders to understand the potential applications and their penetration rate in the automotive industry.

This report provides insights on strategic developments by automotive companies in quantum computing technology across short-term and long-term automotive applications.This report will offer the futuristic market potential of various components such as hardware, software, and services, enabling readers to understand market investment areas.

The report also helps stakeholders understand the markets pulse and provides information on key market drivers, restraints, challenges, and opportunities.Read the full report: https://www.reportlinker.com/p06434836/?utm_source=GNW

About ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

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The automotive quantum computing market is projected to - GlobeNewswire

ANKARA, March 22 (Reuters) - Turkey's pro-Kurdish Peoples' Democratic Party (HDP) and its allies will not field a presidential candidate in May, the party said on Wednesday, raising the prospect of the opposition uniting against President Tayyip Erdogan's re-election bid.

The HDP also said it will run for parliament under the Green Left Party to circumvent its potential closure, a plan that its co-leader said had been brewing since the case was launched at the Constitutional Court in mid-2021.

Erdogan is facing the biggest challenge to his rule in his more than two decades of leading Turkey, with recent polls showing him trailing Kemal Kilicdaroglu, the candidate of the Nation Alliance, made up of six parties.

But the HDP votes will be crucial for the opposition to exceed the 50% required to elect the president on May 14 and also secure a majority in parliament in the polls on the same day.

"In the presidential elections, we will carry out our responsibility against the one-man rule... We will not field a candidate in presidential elections," HDP co-leader Pervin Buldan said at a news conference on Wednesday.

Buldan did not openly say whether her alliance would support Kilicdaroglu, after they had met on Monday. The HDP's cooperation with the opposition in 2019 local elections helped defeat AKP's mayoral candidates in major cities.

The HDP is the third-biggest party in parliament with more than 10% support nationwide and is seen playing a decisive role in the presidential election on May 14.

Former HDP co-leader Selahattin Demirtas, who has been in jail since 2016 over what the party says are political reasons, has previously voiced support for Kilicdaroglu, who is the leader of the main opposition Republican People's Party (CHP).

The HDP has faced a crackdown since the collapse in 2015 of Ankara's peace process with the militant Kurdistan Workers Party (PKK), designated a terrorist group by Turkey and its Western allies.

Thousands of HDP members, lawmakers and mayors have been jailed or stripped of their positions in recent years over alleged links to terrorism, which the party denies.

The HDP faces a case at the Constitutional Court, Turkey's highest, for its closure over charges it has links to Kurdish militants and could be banned from the May vote. HDP says the case is political.

On Wednesday, the court rejected the party's request to postpone its oral defence until after elections from its current date of April 11.

Co-leader Mithat Sancar said the HDP's candidates for parliament will run under the Green Left Party to circumvent the potential closure ahead of elections. "We couldn't have left this process up to the mercy of the government, to the initiative of the court," he said.

The HDP has experience from previous party closures and had been making alternative plans since the closure case was launched at the Constitutional Court, Sancar said in a televised interview with broadcaster Halk TV.

The Green Left Party has recently adopted an emblem similar to that of the HDP.

Reporting by Ali Kucukgocmen; Editing by Jonathan Spicer, Alison Williams and Jonathan Oatis

Our Standards: The Thomson Reuters Trust Principles.

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In vote setback for Erdogan, Turkey's HDP will not field candidate - Reuters