Register to host an event at Qiskit Fall Fest 2024! – IBM

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Key dates for prospective event hosts:

August 7: Deadline to sign up for event host informational sessions and Qiskit Fall Fest mailing list

August 15: Informational session

August 16: Informational session

August 22: Deadline for event host applications

August 27: Application decisions to be announced

September 3: Qiskit Fall Fest 2024 event lineup to be announced to the public

October-November: Qiskit Fall Fest events take place

Since 2021, the Qiskit Fall Fest has brought together quantum enthusiasts of all backgrounds and experience levels for a worldwide celebration of quantum technology, research, and collaboration. Spearheaded primarily by student leaders and taking place on university campuses all around the globe, Qiskit Fall Fest gives participants a unique opportunity to engage with the Qiskit community and even get hands-on experience with real quantum computers. Now, the event series is gearing up to return for its fourth annual installment, which will kick off in October.

Qiskit Fall Fest is a collection of quantum computing events that invites students, researchers and industry professionals around the world to participate in a wide array of quantum-themed activities, ranging from quantum challenges, hackathons, and coding competitions to workshops, social events, and more. With each Qiskit Fall Fest, we partner with a select group of university students and other volunteer hosts to help them plan and run the global roster of Fall Fest events. This year's event theme, World of Quantum, celebrates the international scope of the event series and the rapid growth of the global quantum community.

Last years Qiskit Fall Fest engaged over 4,000 participants with the help of 95 event hosts all working alongside IBM Quantum to grow their local quantum communities. We hope to see even more participants in 2024!

Were looking for volunteers located all around the world to host their very own events as part of the Qiskit Fall Fest lineup. Anyone who has a passion for quantum computing is eligible to host a Fall Fest event. (See the next section of this post for more details on host eligibility.)

Interested in joining the fun? Click this link to register for one of the Qiskit Fall Fest informational sessions well be holding this summer for prospective event hosts.

The informational sessions will take place on Thursday, August 15 and Friday, August 16, and will give prospective event hosts valuable insights into the requirements and time commitment involved with running a Qiskit Fall Fest event.

If youd like to participate in Qiskit Fall Fest but dont plan on hosting an event, you can also use the same registration link to sign up for the Qiskit Fall Fest mailing list, which will keep you up-to-date with all the latest details on this years events.

Please submit all registrations for the Qiskit Fall Fest informational sessions and/or mailing list by Wednesday, August 7.

After the informational sessions, prospective event hosts will submit applications detailing their background and expertise in quantum computing. Applications will be due the week after the information sessions, and decisions will be announced the week after that. Be sure to check the sidebar at the top of this page for all key dates.

The full roster of Qiskit Fall Fest 2024 events will be announced to the public in early September, and the events themselves will take place in October and November.

Most Qiskit Fall Fest events take place on university campuses and are led by university students though there are certainly some exceptions. Weve intentionally put students at the forefront of the Qiskit Fall Fest event series since its initial launch in 2021. Thats because we believe the student leaders of today will be the quantum industry leaders of tomorrow. With the Qiskit Fall Fest, we aim to give students an opportunity to put their leadership skills to the test and help grow the quantum community using resources and guidance from IBM.

At the same time, anyone can participate in and even host a Qiskit Fall Fest event. Dont have access to a university campus? No problem! In the past, weve had high school students, recent graduates, and even industry professionals host events that take place virtually and in other appropriate settings. Just be sure to register for the informational sessions by August 7 and submit your idea for an event by August 22. If its a fit, well work with you to bring it to life. (Please note: Only those who attend one of the informational sessions will receive access to the event host application.)

Click here to register for the mailing list and informational sessions.

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Register to host an event at Qiskit Fall Fest 2024! - IBM

3 Quantum Computing Stocks to Sell in July Before They Crash & Burn – InvestorPlace

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Source: Boykov / Shutterstock.com

Quantum computing could very well bring about a digital age greater than generative artificial intelligence (AI). For those unaware, quantum computing leverages quantum mechanics, the physics undergirding small particles, to solve problems that classical computers have a hard time getting through. Moreover, in classical computers, bits, which are the fundamental units of information, can only take the form of 0s and 1s, yet qubits can take either of those forms and can assume both states at the same time. Because classical computers are binary-based machines, they can struggle when performing extremely complex problem-solving, such as modeling the behavior of individual atoms or identifying subtleties in fraudulent financial transactions. Quantum computers are ideal for these problems. However, despite this technologys potential, there are quantum computing stocks to sell, as not all companies succeed long-term.

While start-ups firms leveraging innovative techniques to build scalable quantum computers for enterprises was a hot trade in 2023, the macroeconomic environment and a beleaguered economy has soured investor sentiment on start-up businesses in a novel field. Below are three quantum computing stocks to sell in July.

Source: Amin Van / Shutterstock.com

IonQ (NYSE:IONQ) has received a ton of attention from investors in the past twelve months. The firm develops and manufactures various quantum computing systems and has done so since 2015 with a firm commitment to innovation. To develop such advanced systems, IonQ leverages a trapped-ion system. The system traps ions from barium or ytterbium in an electromagnetic field that allows their ability to be harnessed for quantum computations. The Aria quantum system is IonQs latest quantum computer and boasts 25 qubits. While the quantum computing firm does manufacture and sell large quantum systems, the power of its existing computers is available on cloud services, including Amazon (NASDAQ:AMZN) Web Services, Microsoft (NASDAQ:MSFT) Azure and Alphabets (NASDAQ:GOOG, NASDAQ:GOOGL) Google Cloud.

IonQ had a runup in its share price due to more innovative advances as well investor hype around artificial intelligence and fields loosely related to it, particularly quantum computing. However, investors desiring concrete results and real use-cases for quantum computers have begun to shun the stock. IONQ has plummeted 43.3% since the start of 2024, and investor fatigue around AI could see shares fall even further in the near and medium terms.

Source: Shutterstock

Rigetti Computing (NASDAQ:RGTI) is another pure-play quantum computing startup. In particular, Rigetti specializes in designing and building quantum processors. As a vertically integrated company, Rigetti both owns and operates a wafer fabrication facility called Fab-1 that produces quantum processors. While the company came into inception in 2013, it begun to sell quantum processing power via cloud environments as early as 2017. Moreover, Rigetti had begun selling physical quantum computers towards the end of 2023. The companys most impressive advancement has been the building of the Ankaa-2 system which boasts 84 qubits and has processing power that is available through various cloud services.

However, similar to IonQ, Rigettis stock rallied amidst all the noise about novel technologies like generative AI. In the middle of March, Rigettis share price had risen more than 112% for the year, but shares have fallen precipitously since then. Trading at just above $1/share, Rigetti is increasingly looking like a bad investment, despite all of its innovations. Investors are beginning to focus on earnings quality, and because Rigetti is still a cash-burning startup, it will probably face a tough time getting more love from the market.

Source: Bartlomiej K. Wroblewski / Shutterstock.com

Quantum Computing (QCi) (NASDAQ:QUBT) is, as the name suggests, a quantum computing firm and specializes in creating affordable quantum systems. The startups focus on photonics has allowed it to create the QCi core technology, which leverages light as well as lights quantum mechanical properties as a tool for various quantum applications. Outside of developing hardware, QCi has built a key software platform, Qatalyst, which the company says has focused on agnostic enterprise software for quantum computing systems.

Unfortunately, the quantum computing firms stock has absolutely tanked. Now trading around $0.50/share, QUBT has plummeted 60.7% over the past 12 months and more than 90% if we zoom out over the past 3 years. Again, were dealing with a startup that is barely generating any sales or earnings, which has definitely hurt its long-term prospects in the eyes of investors.

Because quantum computing applications only serve the needs of research institutes and a select few enterprises, its hard to say when Quantum Computings growth will pick up.

On the date of publication, Tyrik Torresdid 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.comPublishing Guidelines.

On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.

Tyrik Torres has been studying and participating in financial markets since he was in college, and he has particular passion for helping people understand complex systems. His areas of expertise are semiconductor and enterprise software equities. He has work experience in both investing (public and private markets) and investment banking.

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3 Quantum Computing Stocks to Sell in July Before They Crash & Burn - InvestorPlace

Fujitsu and ANU to bring world-class quantum computing to Australia – Fujitsu

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Memorandum of Understanding to drive local innovation and talent development Fujitsu Limited

Kawasaki and Sydney, July 4, 2024

Fujitsu today announced that Fujitsu Australia Limited and The Australian National University (ANU) in Canberra concluded a memorandum of understanding (MoU) to ensure that industry and government professionals, researchers, academics, and students in Australia will soon have access to a world-class quantum research facility. The agreement will see the two organizations partner to establish a center for quantum research, with ambitions to build an onsite quantum computer.

Aligning with Australias National Quantum Strategy to invest in, connect and grow Australias quantum research and industry to compete with the worlds best, the MoU sets out a long-term vision for how Fujitsu will partner with one of Australias leading tertiary educators to capitalize on the future opportunities and applications of quantum technologies for the benefit of local organizations and the global community.

Graeme Beardsell, EVP, Chief Executive Officer Oceania, at Fujitsu said: "At Fujitsu, we're innovating for the future of computing. Our investment in quantum research, coupled with strategic collaborations including with ANU, puts us at the forefront of the global race to develop the world's first fault-tolerant quantum computer. This is about more than just technology; it's about unlocking the next wave of innovation.

"Australia's commitment to quantum leadership is clear, and Fujitsu is playing our part. We're not just developing these technologies; we're sharing them, fostering collaboration, and believing that the next quantum breakthrough will come from a global, connected network of brilliant minds who are focused on developing technology for good."

As part of the collaboration, Fujitsu will provide ANU researchers and academics with access to Fujitsus quantum systems and simulators in Japan. To drive further innovation, Fujitsu, through collaboration with RIKEN, plans to release a 256-qubit quantum computer in March 2025 and a quantum computer with as many as 1000 qubits in fiscal year 2026 (1), cementing ANUs ongoing access to the latest in cutting-edge quantum technology.

Under the new collaboration, ANU will develop teaching and training modules based around access to Fujitsus quantum technologies to further inform the overall approach to research into quantum computing.

In addition to the exchange of knowledge, the endeavor will also aim to set up an on-site quantum computer at ANU to help local researchers, and government and industry professionals to develop expertise in quantum computers.

The on-site quantum computer will provide Australian professionals with access to local emerging technologies that will enable them to conduct advanced research in fields including cryptography, material science, and quantum simulations.

Professor Lachlan Blackhall, Deputy Vice-Chancellor (Research and Innovation) at The Australian National University said: This collaboration with Fujitsu complements and builds on the ANU mission to further higher education on emerging technologies including quantum computing and will help to foster the growth of a talented pool of quantum computing professionals in Australia.

ANU is excited to see this collaboration with Fujitsu, which promises to build on the Universitys strengths in quantum optical physics and quantum algorithms. More broadly, this dynamic collaboration and the work taking place as part of it will help grow the nations commitment to fundamental quantum physics, which is absolutely vital if we are to harness the incredible potential of research and apply it to real-world opportunities for the quantum world.

In addition to Fujitsus plans over the next two years to develop a 256-qubit and 1,000-qubit superconducting quantum computer with RIKEN, Fujitsu has developed quantum technologies and expertise including:

The Sustainable Development Goals (SDGs) adopted by the United Nations in 2015 represent a set of common goals to be achieved worldwide by 2030. Fujitsus purpose to make the world more sustainable by building trust in society through innovation is a promise to contribute to the vision of a better future empowered by the SDGs.

Fujitsus purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.7 trillion yen (US$26 billion) for the fiscal year ended March 31, 2024 and remains the top digital services company in Japan by market share. Find out more: http://www.fujitsu.com.

The Australian National University (ANU) is unlike any other university in Australia. Founded in 1946, in a spirit of post-war optimism, our role was to help realise Australia's potential as the world recovered from a global crisis. That vision, to support the development of national unity and identity, improve our understanding of ourselves and our neighbours, and provide our nation with research capacity amongst the best in the world, and education in areas vital for our future, has been our mission ever since.

Fujitsu Limited Public and Investor Relations Division Inquiries

All company or product names mentioned herein are trademarks or registered trademarks of their respective owners. Information provided in this press release is accurate at time of publication and is subject to change without advance notice.

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The Future of Quantum Computing with Neutral-Atom Arrays – The Quantum Insider

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At the recent MCQST Colloquium held at the Max Planck Institute for Quantum Optics, Johannes Zeiher provided a compelling overview of the advances in quantum simulation and quantum computing with neutral-atom arrays. His presentation offered valuable insights into how these systems are poised to transform quantum technology.

Zeiher started by explaining the core motivation behind their work.

Our goal is to understand, control and create many-body systems using individually controllable neutral atoms, he stated. These neutral atoms, arranged using optical tweezers, serve as a powerful platform for studying quantum phenomena due to their high level of controllability and scalability.

One of the key advantages of neutral-atom arrays is their ability to simulate complex quantum systems.

We can use these systems to study strongly correlated systems, transport out of equilibrium dynamics, and phase transitions, Zeiher elaborted. This capability is vital for exploring fundamental aspects of quantum mechanics and for developing new technological applications.

Zeiher also stressed the importance of long-range interactions in these systems.

Long-range interactions introduce competing length scales, which can lead to rich and complex physical phenomena, he noted. By manipulating these interactions, researchers can simulate various phases of matter, such as the superfluid and Mott insulator phases, and even more exotic states like the Haldane insulator and density wave phases.

In terms of practical applications, Zeiher discussed the potential of neutral-atom arrays in quantum computing.

Neutral atoms offer a promising platform for quantum computing due to their scalability and the high fidelity of quantum gates, he said. Recent advancements have pushed the fidelity of two-qubit gates to over 99.5%, putting them on par with other leading quantum computing platforms.

One of the groundbreaking techniques Zeiher discussed is the use of Rydberg dressing. By coupling atoms off-resonantly to Rydberg states, researchers can induce long-range interactions while maintaining a high level of stability. He explained that Rydberg dressing allows them to significantly enhance the lifetime of these states, enabling complex quantum simulations and computations over extended periods.

Zeiher concluded his talk by drawing attention to the broader implications of their research.

The ability to control and manipulate neutral atoms with such precision opens up new frontiers in both quantum simulation and quantum computing, he remarked.

The insights from these systems do not just allow one to push understanding in the realm of quantum mechanics further. Still, they will also serve as a frontier toward innovative technologies that have the potential to be revolutionary in most fields, from materials science to cryptography.

Zeiher uncovered the revolutionizing potential that neutral-atom arrays bear in quantum technology in his talk at the MCQST Colloquium. Given developments in controlling long-range interactions and fidelity of quantum gates, these systems will be of great importance for the future of quantum computing and simulation.

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The Future of Quantum Computing with Neutral-Atom Arrays - The Quantum Insider

Wasiq Bokhari Joins Pasqal to Revolutionize Quantum Computing with Neutral Atom Technology & Unmatched Team … – The Quantum Insider

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Why did Wasiq Bokhari, Chairperson at Pasqal, join the pioneering neutral atom quantum computing company?

In his own words in a recent interview: Three principal reasons: first, I am just very interested in the whole quantum computing space. It is an amazing threshold of capability that we are about to cross, and I just want to be part of this.

Bokharis enthusiasm for quantum computings transformative potential is palpable, but he also cites the caliber of Pasqals team as a driving factor.

Second, its the team, its the peoplebrilliant, motivated, really good people, he said. One of the things Ive learned is always work with exceptional people, so I want to be part of the team.

However, it is Pasqals unique approach that sets it apart in Bokharis eyes.

The third is the approach, and on the approach, there are two things I would like to point out, Bokhari went on. First is the neutral atom approach itself; it is very scalable and has a lot of built-in advantages that other approaches do not have. But the second is the overall engineering approach that the team has taken from the very beginning.

This engineering mindset is a cornerstone of Pasqals ethos, as Bokhari elaborated: It has never been about only demonstrating something in a lab but how can we build systems that can be deployed in the real world and can solve real-world problems today versus waiting for a long period of time? How can we engage with customers?

Bokhari sees quantum computing as a transformative force.

The advent of scalable quantum computing is a fundamentally disruptive and redefining moment for us, he said, before adding that Quantum computing, enabled by us, will become a pillar of all computation along with traditional high-performance computing and all sorts of generative or non-generative AI methods. It becomes a third pillar.

At the heart of Pasqals approach is a relentless pursuit of solving complex problems.

We are super mindful about solving the hard fundamental problems that give an edge to quantum computing; we dont shy away from the hard problems, we run towards them because thats the fundamental edge that you get through the use of quantum computing, said Bokhari.

Pasqals commitment to real-world impact is unwavering, as Bokhari affirmed: The second thing thats important to us is to build systems that are not one-offs but are scalable. This requires very good, in fact, excellent engineering discipline and thinking about scalability, thinking about repeatability, thinking about yields from the very upfront in terms of the design, from every component all the way up to the systems.

Engaging with customers and solving their critical challenges is paramount to Pasqals mission.

We should not shy away from engaging with customers and engaging with their real business-critical problems because only by getting in direct contact with what matters and what delivers value can we focus our energies on delivering something that is valuable, said Bokhari.

Under Bokharis leadership, Pasqal is forging a collaborative path with its customers: Today, we view this journey as a journey together with our customers. Its a collaborative journey. We would like our customers to challenge us with hard problems, with problems that matter to them.

With its groundbreaking neutral atom technology, exceptional team, and unwavering customer-centric approach, Pasqal is poised to shape the future of quantum computing under Bokharis visionary guidance.

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Wasiq Bokhari Joins Pasqal to Revolutionize Quantum Computing with Neutral Atom Technology & Unmatched Team ... - The Quantum Insider

Copenhagen-based Kvantify secures 10 million to unlock quantum computing for the life science sector – EU-Startups

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Kvantify, a leading quantum software start-up, has announced the successful closure of a 10 million seed round. This funding will enable Kvantify to strengthen its position as a global leader in quantum computing, with an initial focus on developing applications for the life science sector.

The seed round is led by Danish VC Dreamcraft, together with biotech investor Lundbeckfonden BioCapital and the private investment company 2degrees. Other notable investors include international sector-focused tech investor Redstone VC, Danish lead quantum VC 2xN as well as EIFO.

Lundbeckfonden BioCapital is a large Danish investor focused on local life science companies, supporting the translation and commercialization of ground-breaking science. This is Lundbeckfonden BioCapitals first investment outside the therapeutics space.

Hans Henrik Knudsen, CEO of Kvantify, commented: On behalf of the founding team, we are incredibly excited about the completion of our 10 million seed round, which marks a significant milestone for Kvantify. This funding not only validates our vision of leveraging quantum computing to revolutionize the life sciences industry but also provides us with the resources and strategic partnerships needed to accelerate our development and growth. With the support of new and existing investors, we are well-positioned to continue to bring groundbreaking solutions to market.

The investment will accelerate the development of Kvantifys innovative solutions that aim to leverage quantum computing to address complex problems in drug discovery and beyond. It will also boost the further development of quantum algorithms for chemical simulation, expanding their applicability across various industries.

With our investment in Kvantify, we are broadening our footprint in and commitment to further strengthening the Danish life science ecosystem. Quantum computing can deliver accuracy and derisking to the early stages of drug development to a level not possible with classical computers, thereby enabling faster speed to market. We are therefore excited about this opportunity and look forward to working with the Kvantify team to bridge quantum computing and drug development to the future benefit of patients, said Jacob Falck Hansen, Partner at Lundbeckfonden BioCapital.

Danish VC Dreamcraft invests in tech-driven companies, from pre-seed to series A, and has a proven track record with B2B SaaS software.

Were thrilled to partner with the team at Kvantify as they take a significant step forward in their mission to fulfill the promise of industrial applications of quantum computers. The potential of quantum chemical computational drug discovery is massive and represents a truly exciting beachhead market. We cannot wait to see how Kvantify will help solve todays seemingly impossible problems and serve as a crucial tool in designing the solutions of the future, added Carsten Salling, General Partner at Dreamcraft.

Redstone QAI Quantum Fund is a highly specialized venture capital fund that focuses on investing in groundbreaking technologies within the quantum technologies sector.

Kvantifys focus on applying quantum computing to life sciences and further industrial use cases across various sectors aligns with our strategic vision of advancing practical and impactful quantum solutions. With their interdisciplinary team, in-depth knowledge of quantum technology, and innovative approach to enhancing computational eiciency, Kvantify is perfectly placed to bring tremendous value to commercial markets, said Marco Stutz, Partner at Redstone.

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Copenhagen-based Kvantify secures 10 million to unlock quantum computing for the life science sector - EU-Startups

Universal Quantum CEO Sebastian Weidt Discusses the Future & Challenges of Quantum Computing – The Quantum Insider

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Just made public by his company, Sebastian Weidt, CEO of Universal Quantum, provided valuable insights into the future of quantum computing at the Web Summit in Lisbon in November 2023. While acknowledging the current hype surrounding the technology, Weidt underlined the long-term potential and challenges facing the industry.

Weidt explained quantum computing as a new form of doing computations that utilizes strange quantum effects to solve problems exponentially faster than traditional supercomputers. However, he cautioned that significant scaling is required before quantum computers can deliver on their promise.

We really need to scale these machines from where we are at the moment tens of qubits hundreds of qubits to millions of qubits, said Weidt. Thats a scary target that were aiming for here, but this is what ultimately must happen to unlock these applications.

Quantum error correction is, indeed, one of the fundamental problems with quantum computing. Weidt added that inherently, quantum systems were fragile and prone to errors. This is countered by developing error correction algorithms, which also need many physical qubits to create logical qubits of stability.

Regarding potential applications, Weidt expressed excitement about drug discovery: I think theres a lot of excitement for me personally as well around drug discovery. I think using these quantum computers to understand chemical reactions better, molecular structures better, which is at the heart of developing new drugs and currently is really hard using our currently available computing technology.

When asked about the timeline for practical quantum computers, Weidt was cautiously optimistic.

It would be nice to get some utility to something where you really feel a change because of quantum computing maybe a new drug was developed because of that, maybe we understand climate change better, maybe a new material, he answered. Theres a huge push to do that this decade, but I think this can definitely leak into the next decade as well.

Weidt also addressed concerns about quantum computers breaking current encryption systems. He urged businesses to prepare now: Please, please, please look at your encryption algorithms and check if they are quantum secure. Please make those changes now.

Looking to the future, Weidt sees a hybrid computing architecture where quantum and classical computers work together seamlessly. He punctuated that quantum computers wont replace classical systems but will complement them for specific problem-solving tasks.

As the quantum computing field continues to evolve, Weidts insights provide a balanced perspective on both the challenges and immense potential of this groundbreaking technology.

Featured image: Credit: Web Summit

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Universal Quantum CEO Sebastian Weidt Discusses the Future & Challenges of Quantum Computing - The Quantum Insider

Danish start-up Kvantify secures EUR 10 million seed round to unlock quantum computing potential, starting with life … – PR Newswire

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The round is led by Danish VC Dreamcraft, together with biotech investor Lundbeckfonden BioCapital and the private investment company 2degrees.

COPENHAGEN, Denmark, July 3, 2024 /PRNewswire/ --Kvantify, a leading quantum software start-up, has announced the successful closure of a EUR 10 million seed round. This funding will enable Kvantify to strengthen its position as a global leader in quantum computing, with an initial focus on developing applications for the life science sector.

The investment will accelerate the development of Kvantify's innovative solutions that aim to leverage quantum computing to address complex problems in drug discovery and beyond. It will also boost the further development of quantum algorithms for chemical simulation, expanding their applicability across various industries.

The seed round is notable not only for its substantial size but also for the strategic match of the new investors to Kvantify's mission. It is led by Danish VC Dreamcraft, together with biotech investor Lundbeckfonden BioCapital and the private investment company 2degrees. Other notable investors include international sector-focused tech investor Redstone VC, Danish lead quantum VC 2xN as well as EIFO.

Lundbeckfonden BioCapital is a large Danish investor focused on local life science companies, supporting the translation and commercialization of ground-breaking science. This is Lundbeckfonden BioCapital's first investment outside the therapeutics space.

"With our investment in Kvantify, we are broadening our footprint in and commitment to further strengthening the Danish life science ecosystem. Quantum computing can deliver accuracy and derisking to the early stages of drug development to a level not possible with classical computers, thereby enabling faster speed to market. We are therefore excited about this opportunity and look forward to working with the Kvantify team to bridge quantum computing and drug development to the future benefit of patients," said Jacob Falck Hansen, Partner at Lundbeckfonden BioCapital.

Danish VC Dreamcraft invests in tech-driven companies, from pre-seed to series A, and has a proven track record with B2B SaaS software.

"We're thrilled to partner with the team at Kvantify as they take a significant step forward in their mission to fulfill the promise of industrial applications of quantum computers. The potential of quantum chemical computational drug discovery is massive and represents a truly exciting beachhead market. We cannot wait to see how Kvantify will help solve today's seemingly impossible problems and serve as a crucial tool in designing the solutions of the future." - Carsten Salling, General Partner at Dreamcraft

Redstone QAI Quantum Fund is a highly specialized venture capital fund that focuses on investing in groundbreaking technologies within the quantum technologies sector.

"Kvantify's focus on applying quantum computing to life sciences and further industrial use cases across various sectors aligns with our strategic vision of advancing practical and impactful quantum solutions. With their interdisciplinary team, in-depth knowledge of quantum technology, and innovative approach to enhancing computational efficiency, Kvantify is perfectly placed to bring tremendous value to commercial markets." Marco Stutz, Partner at Redstone.

In light of their successful product launch for a groundbreaking drug discovery tool, Hans Henrik Knudsen, CEO of Kvantify, comments:

"On behalf of the founding team, we are incredibly excited about the completion of our 10 million seed round, which marks a significant milestone for Kvantify. This funding not only validates our vision of leveraging quantum computing to revolutionize the life sciences industry but also provides us with the resources and strategic partnerships needed to accelerate our development and growth. With the support of new and existing investors, we are well-positioned to continue to bring groundbreaking solutions to market."

About Kvantify Kvantify is a pioneering quantum software company based in Denmark. The company leverages quantum and high-performance computing to create revolutionizing solutions for complex scientific and industrial challenges. Kvantify's mission is to make quantum computing technology widely accessible, and a valuable tool for businesses worldwide. For more information, please visit (www.kvantify.com).

Additional questions Klaus Eriksen, Communications Officer, Kvantify. Phone: (+45) 61 699 700. Email: [emailprotected]

Photo -https://mma.prnewswire.com/media/2452960/Kvantify_founders.jpg Logo -https://mma.prnewswire.com/media/2452959/Kvantify_Logo.jpg

SOURCE Kvantify ApS

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Danish start-up Kvantify secures EUR 10 million seed round to unlock quantum computing potential, starting with life ... - PR Newswire

AI, quantum computing and tokenisation set to transform finance Menon – Central Banking

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End of drawer navigation content Skip to main content But significant barriers remain preventing the technologies from unlocking their full potential

Ravi Menon

Asset tokenisation, artificial intelligence (AI) and quantum computing are the three breakthrough technologies that have the best prospects for transforming finance, according to Ravi Menon, former managing director of the Monetary Authority of Singapore (MAS).

Menon told an audience at the Point Zero conference in Switzerland on July 3 that he believed harnessing fintech would have deeply impactful benefits, so long as substantial risks associated with new technology are mitigated. He also

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The Interplay of AI, Cybersecurity & Quantum Computing – The Quantum Insider

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At the Tech.eu Summit in London, Dr. Ken Urquhart, Global Vice-President of 5G/Edge/Satellite at Zscaler, and Steve Brierley, Founder and CEO of Riverlane, discussed the critical intersection of artificial intelligence (AI), cybersecurity and quantum computing. Moderated by Duygu Oktem Clark, Managing Partner at DO Venture Partners, the talk underlined both the challenges and opportunities these technologies present.

Urquhart opened the discussion by addressing the limitations of AI in cybersecurity.

AI, as we apply it today, involves algorithms that are interpretable and useful for cyber defense, he said. However, he pointed out that current AI technologies, such as neural networks and large language models, come with issues like statistical variability and hallucinations, where the AI makes things up that may not be true.

Urquhart explained that these statistical models could become less accurate over time, adding: You need to be thoughtful about how you apply AI because it can give less accurate answers if asked the same question twice in a row over a span of hours or days.

Brierley shared his thoughts into the advancements in quantum computing and its implications for cybersecurity. He noted that while todays quantum computers are extremely error-prone and capable of only about 100 to 1,000 operations before failure, significant progress is being made with quantum error correction.

Quantum error correction is a layer that sits on top of the physical qubits and corrects errors in real-time, Brierley explained.

This development is crucial for achieving cryptographically relevant quantum computing capabilities.

2023 and 2024 have been pivotal years as we crossed the threshold in various qubit modalities, making error correction viable, he said. Brierley projected that within the next two to three years, we could see quantum computers performing up to a million operations, surpassing what classical computers can simulate.

As AI and quantum computing advance, ethical and security challenges emerge. Urquhart stressed the importance of understanding AIs current limitations.

We are on a journey with artificial intelligence. It does not think; it is a collection of statistical outcomes, he stated. Urquhart warned against over-reliance on AI for critical decisions, as its current form can lead to significant errors.

Brierley added that quantum computing has the potential to revolutionize industries, particularly in simulating molecular dynamics and chemical interactions.

Quantum computers can replace time-consuming lab experiments with simulations, transforming industries like drug discovery and material science, he said.

Both experts agreed on the necessity of collaboration among academia, industry and government to harness these technologies responsibly. Brierley called attention to the importance of a coordinated effort, likening it to a Manhattan-scale project to build the worlds most powerful quantum computers. We need effective collaboration across sectors to ensure the technology benefits society, he said.

Urquhart echoed this sentiment, giving emphasis to the role of commercial entities in driving innovation and the governments role in providing a regulatory and funding environment.

The machinery is there; we just need the will to engage and make it run, he remarked.

Looking ahead, both Urquhart and Brierley stressed the urgency of preparing for the impact of quantum computing on cybersecurity.

Quantum computing will break most encryption at some point, Urquhart warned, urging businesses to act now to mitigate future risks.

Brierley concluded: Quantum computers are not just faster computers; they represent a massive step forward for specific problems, and their potential for both good and bad is immense.

The discussion underscored the transformative potential of AI and quantum computing while cautioning against complacency. As these technologies evolve, proactive collaboration and ethical considerations will be paramount in shaping a secure digital future.

Featured image: Credit: Tech.eu

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The Interplay of AI, Cybersecurity & Quantum Computing - The Quantum Insider

Biden administration is providing $504 million to 12 ‘tech hubs’ – Fortune

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The Biden administration said Tuesday that it was providing $504 million in implementation grants for a dozen tech hubs in Ohio, Montana, Nevada and Florida, among other locations.

The money would support the development of quantum computing, biomanufacturing, lithium batteries, computer chips, personal medicine and other technologies.

The administration is trying to encourage moretechnological innovationacross the country, instead of allowing it be concentrated in a few metro areas such as San Francisco, Seattle, Boston and New York City.

The reality is there are smart people, great entrepreneurs, and leading-edge research institutions all across the country, Commerce SecretaryGina Raimondosaid in a call previewing the announcement. Were leaving so much potential on the table if we dont give them the resources to compete and win in the tech sectors that will define the 21st century global economy.

The money comes from the Commerce Departments Economic Development Administration. In October 2023, PresidentJoe Bidendesignated 31 tech hubs. Raimondo said the administration was pushing for more funding for the program so that all the designated tech hubs can get additional resources to compete.

The tech hubs receiving funding include:

$41 million for the Elevate Quantum Tech Hub in Colorado and New Mexico

$41 million for the Headwaters Hub in Montana

$51 million for Heartland BioWorks in Indiana

$51 million for the iFAB Tech Hub in Illinois

$21 million for the Nevada Tech Hub

$40 million for the NY SMART I-Corridor Tech Hub in New York

$44 million for ReGen Valley Tech Hub in New Hampshire

$45 million for the SC Nexus for Advanced Resilient Energy in South Carolina and Georgia

$19 million for the South Florida ClimateReady Tech Hub

$51 million for the Sustainable Polymers Tech Hub in Ohio

$51 million for the Tulsa Hub for Equitable & Trustworthy Autonomy in Oklahoma

$51 million for the Wisconsin Biohealth Teach Hub.

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Biden administration is providing $504 million to 12 'tech hubs' - Fortune

Danish startup secures 10M seed to advance quantum computing in life sciences – ArcticStartup

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Kvantify, a Copenhagen-based quantum software startup, has successfully closed a 10 million seed round. This funding will enable the startup to strengthen its position as a global leader in quantum computing, focusing initially on life sciences applications. The round is led by Danish VC Dreamcraft, alongside biotech investor Lundbeckfonden BioCapital and the private investment company 2degrees, with participation from Redstone VC, 2xN, and EIFO. Kvantify plans to use the investment to accelerate the development of quantum solutions for drug discovery and chemical simulation, aiming to address complex problems and expand applicability across various industries. This strategic funding will enhance Kvantifys innovative capabilities, ensuring a significant impact on the life sciences sector and beyond.

Kvantify is dedicated to harnessing the power of quantum computing to solve complex scientific and industrial challenges. With a strong emphasis on life sciences, Kvantify develops advanced quantum algorithms and high-performance computing solutions aimed at revolutionizing drug discovery and chemical simulation. Their mission is to make quantum technology accessible and valuable to businesses worldwide, driving innovation and efficiency in various sectors. Leveraging an interdisciplinary team and cutting-edge technology, Kvantify is positioned at the forefront of the quantum computing revolution.

The seed round is notable not only for its substantial size but also for the strategic match of the new investors to Kvantifys mission. It is led by Danish VC Dreamcraft, together with biotech investor Lundbeckfonden BioCapital and the private investment company 2degrees. Other notable investors include international sector-focused tech investor Redstone VC, Danish lead quantum VC 2xN as well as EIFO.

Lundbeckfonden BioCapital is a large Danish investor focused on local life science companies, supporting the translation and commercialization of ground-breaking science. This is Lundbeckfonden BioCapitals first investment outside the therapeutics space.

With our investment in Kvantify, we are broadening our footprint in and commitment to further strengthening the Danish life science ecosystem. Quantum computing can deliver accuracy and derisking to the early stages of drug development to a level not possible with classical computers, thereby enabling faster speed to market. We are therefore excited about this opportunity and look forward to working with the Kvantify team to bridge quantum computing and drug development to the future benefit of patients, said Jacob Falck Hansen, Partner at Lundbeckfonden BioCapital.

Danish VC Dreamcraft invests in tech-driven companies, from pre-seed to series A, and has a proven track record with B2B SaaS software.

Were thrilled to partner with the team at Kvantify as they take a significant step forward in their mission to fulfill the promise of industrial applications of quantum computers. The potential of quantum chemical computational drug discovery is massive and represents a truly exciting beachhead market. We cannot wait to see how Kvantify will help solve todays seemingly impossible problems and serve as a crucial tool in designing the solutions of the future. says Carsten Salling, General Partner at Dreamcraft.

Redstone QAI Quantum Fund is a highly specialized venture capital fund that focuses on investing in groundbreaking technologies within the quantum technologies sector.

Kvantifys focus on applying quantum computing to life sciences and further industrial use cases across various sectors aligns with our strategic vision of advancing practical and impactful quantum solutions. With their interdisciplinary team, in-depth knowledge of quantum technology, and innovative approach to enhancing computational efficiency, Kvantify is perfectly placed to bring tremendous value to commercial markets, says Marco Stutz, Partner at Redstone.

In light of their successful product launch for a groundbreaking drug discovery tool, Hans Henrik Knudsen, CEO of Kvantify, comments:

On behalf of the founding team, we are incredibly excited about the completion of our 10 million seed round, which marks a significant milestone for Kvantify. This funding not only validates our vision of leveraging quantum computing to revolutionize the life sciences industry but also provides us with the resources and strategic partnerships needed to accelerate our development and growth. With the support of new and existing investors, we are well-positioned to continue to bring groundbreaking solutions to market.

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Bridging the Gap: Shai Phillips on the Quantum Technology Executive Search Landscape – The Quantum Insider

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Insider Brief

In the latest episode of the Tech Podcast, Shai Phillips, president of a company that provides quantum technology executive search firm, shares his insights on the evolving landscape of the quantum computing industry. His firm, PSIRCH (pronounced search), is pioneering in its focus on senior management roles within the quantum sector.

PSIRCH stands out as the only dedicated division of an established executive search firm specializing exclusively in quantum technology. Founded in 2019 under the umbrella of Berkhemer Clayton Executive Search, a 30-year-old firm, PSIRCH leverages decades of experience serving Fortune 500 companies, private multinationals, universities, and nonprofits. We are the only operation of our kind anywhere in the world, Phillips explains.

Phillips grew up in London and studied at Cambridge University; his fascination with quantum mechanics was ignited by lectures from Stephen Hawking. Despite his non-technical academic background, his passion for quantum led him to spearhead PSIRCHs quantum division following significant advancements in commercialization, such as Googles Quantum Supremacy announcement.

I was extremely interested in quantum technology coming up, Phillips says. In 2019, when commercialization began to take off, I realized we needed to carve out a niche in executive search for this burgeoning field.

Phillips highlights a critical challenge in the quantum computing market: the pervasive skepticism and cynicism, even among industry insiders.

The biggest hurdle we face is skepticism. Theres a pervasive cynicism even among industry insiders, he notes. To combat this, Phillips writes a monthly column titled The Unexaggerated Magic of Quantum in The Quantum Insider. I aim to debunk the myth that quantum technologys promises are overhyped. There is a lot of promise to quantum computing, and we need to shift the narrative from skepticism to optimism.

The global quantum landscape is vibrant, with significant activity in the US, Germany, France, the UK, the Netherlands, and Scandinavia. Companies like Pasqal in France and PsiQuantum, with its multinational roots, illustrate the industrys global integration.

Quantum is inherently global. You cant do quantum on a domestic basis, Phillips said.

The Quantum Insiders intelligence platform tracks the number of quantum computing companies, providing valuable insights into the market. The platform tracks over 1,300 vendors across the supply chain and the number continues to grow.

Government funding, particularly from the US Department of Energy and Department of Defense, underscores the strategic importance of quantum technology. This funding is crucial to maintaining a competitive edge, especially against countries like China. The strategic importance of quantum technology cannot be overstated. Its about staying ahead, particularly in the face of competition from China.

Yet, the market is still maturing. We are early to the game, Phillips acknowledges. Most companies are building their quantum teams from the ground up, starting with junior engineers. Its a grassroots approach.

For technical positions, a PhD is typically required, along with considerations around security clearances due to national security implications.

For technical roles, a PhD is almost always necessary. There are also significant national security concerns, so many positions require top secret security clearances, Phillips said.

For executive roles, theres more flexibility, according to Phillips, who added: You can bring in talent from adjacent industries. For example, a CEO might come from a tech background rather than quantum specifically.

PSIRCH employs a comprehensive approach to recruitment.

We use everything from social media to direct outreach and networking. We leverage our extensive network within the quantum industry and go the extra mile to ensure a thorough and creative assessment process, Phillips said

A key focus for PSIRCH is promoting women in leadership. Our CEO, Betsy Berkhemer-Credaire, has been a prolific advocate for women on corporate boards, Phillips said. Theres a strong movement within the quantum industry called Women in Quantum, which we actively support. Were seeing positive trends, though theres always room for improvement.

Phillips offers a glimpse into the future of the quantum technology sector: The quantum technology sector is poised for incredible growth. The need for specialized talent at the senior management level will become increasingly critical. With firms like PSIRCH leading the charge, the future looks promising.

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Bridging the Gap: Shai Phillips on the Quantum Technology Executive Search Landscape - The Quantum Insider

3 Quantum Computing Stocks to Buy Be Millionaire-Makers: May – InvestorPlace

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Dont miss out on this exceptional chance to invest in quantum computing stocks to buy that could be millionaire makers while their valuations remain low. These innovative tech companies are developing cutting-edge quantum computing systems with the potential to generate massive returns for investors who get in early.

The quantum computing stocks featured below are poised to commercialize their technology across multiple industries. Quantum computing promises to transform various sectors of our world, from financial services to medical research. Also, it may enable groundbreaking advances and discoveries that arent possible with traditional classical computing.

The three quantum computing stocks to buy outlined in this article represent the best opportunities investors have to compound their wealth to seven figures. Weve only just started to see the potential of this industry and understand the implications of this new tech.

So, here are three quantum computing stocks for investors who want to earn a potential seven-figure sum.

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Hewlett Packard Enterprise (NYSE:HPE) focuses on IT and quantum computing through its Intelligent Edge segment. The company has demonstrated significant achievements in quantum computing research.

HPEs Intelligent Edge segment provides solutions that bring computation closer to the data source. Integrating quantum computing capabilities with Intelligent Edge technologies can offer unique advantages, such as real-time data processing and enhanced decision-making capabilities at the networks edge.

Most recently, the Intelligent Edge segment reported revenue of $902 million, an increase of 9% year-over-year. This segment continues to grow, driven by strong demand for edge computing solutions. The company also achieved an EPS of $0.48, which surpassed the consensus estimate of $0.45. This compares to an EPS of $0.63 in the same quarter of the previous year.

HPE is a well-known brand akin to a more modern version of IBM (NYSE:IBM). It could be a good pick for those who like to stay with the blue-chip options while also having the potential to mint new millionaires.

IonQ (NYSE:IONQ) is a leader in developing trapped-ion quantum computers and making significant strides in the field. The company collaborates with major cloud platforms.

IonQs primary technology involves trapped-ion quantum computers, which utilize ions trapped in electromagnetic fields as qubits. This technology is known for its high-fidelity operations and stability.

Recently, IonQ achieved a milestone of 35 algorithmic qubits with its IonQ Forte system, a year ahead of schedule. This achievement allows the system to handle more sophisticated and more extensive quantum circuits. IonQs growth and technological advancements have been recognized in various industry lists, such as Fast Companys 2023 Next Big Things in Tech List and Deloittes 2023 Technology Fast 500 List.

With a market cap of just 1.79 billion, it remains a small-cap quantum computing stock that could hold significant upside potential for investors. Its developments so far have been promising, and it could prove to be a company that will make early investors rich.

Pure-play quantum computing company Rigetti Computing (NASDAQ:RGTI) is known for its vertically integrated approach. This includes designing and manufacturing quantum processors.

Rigetti has achieved a significant milestone with its 128-qubit chip, which promises to advance quantum computing capabilities and enable new applications. This development is a key part of Rigettis roadmap to scale up quantum systems and improve performance metrics.

Also, in Q1 2024, Rigetti reported a 99.3% median 2-qubit gate fidelity on its 9-qubit Ankaa-class processor. This high level of fidelity is crucial for reliable quantum computations and positions Rigetti well against competitors.

The market cap of RGTI is a fraction of IONQs at just under 200 million at the time of writing. Its progress is similarly impressive, so it could hold significant upside and potentially mint a new generation of millionaires with a large enough investment.

On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.

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3 Quantum Computing Stocks to Buy Be Millionaire-Makers: May - InvestorPlace

The 2025 Millionaire’s Club: 3 Quantum Computing Stocks to Buy Now – InvestorPlace

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The current rage is about artificial intelligence, but the advancement of the AI field relies on a few key elements including quantum computing

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If youre on the hunt for quantum computing stocks to buy, youre in the right place. For the past several years, artificial intelligence (AI) has taken the front stage. Notjust in the techfield,but also in the stock market.AI advancement has been tremendous, allowingbusinesses, bothlarge and small,to automate some of their processes.Some of the largest companies have ramped uptheirinvesting in AI teams and divisions, amounting to billions of dollars in additional capital justto keep up with others in the field.

However,there is a newcomer to the field that is independent of AI but will complement it in the future, which is quantum computing. But what is it exactly?Quantum computing uses specialized algorithms and hardware while using quantum mechanics to solve complex problems that typical computerswill takeeithertoo long to solveorcannot solve entirely.Although the world of quantum computing and AI is incredibly complex, we have simplified investing in the field by narrowing it down to 3 companiesthat areat the forefront of the industry, while still being diversified.

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Nvidia (NASDAQ:NVDA) is an American-based and international leader in the designing and manufacturing of graphics processing units. Although the companys main focus currently is on the AI market, it also has a division that focuses on the quantum computing industry. The stock currently trades at about $924, with a price target of $1,100. This new price target is almost $200 more than the current trading price of a stock, signifying a significant upside potential for Nvidia.

The company accelerates quantum computing centers around the world with its proprietary CUDA-Q platform. The platform also ties quantum computing into AI, allowing the system to solve new and countless problems much faster than before.

The stock currently trades at 36.53x forward earnings. This is about 20% lower in comparison to the stocks own five-year average forward price to earnings (P/E) ratio of 46.14x. Thus, considering what the stock usually trades for, it might be relatively undervalued and at a great point to scoop up some shares.

The company that goes hand in hand with the internet is Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL). The American company first started as a search engine in the late 90s with its main goal of creating the perfect search engine. Fast forward 25 years and you now have a multi-trillion-dollar international company with departments in tech, consumer electronics, data, AI, e-commerce and quantum computing. The companys stock currently trades at about $177 but is on track to rise to an average of $195, with a high of $225 in the next 12 months.

In recent years, it has set out to build the best quantum computing for otherwise impossible problems with the introduction of XPRIZE Quantum Applications and Quantum AI. The program is designed to advance the field of algorithms relating to quantum computing with real-world applications.

As such, the company is in a quickly growing phase, and EPS is forecast to soar from $5.80 last year to over $7.84 by 2025. This makes it a great pick for any investor.

Intel (NYSE:INTC) has specialized in semiconductors since its founding in Mountain View, California in 1968. The company is the worlds largest manufacturer of semiconductors and CPUs and has been since its founding. Intels stock is at about $32 and the average price target is $39.63, with a low of $17 and a high of $68. This would mean an upside potential of almost 24%, on average.

The company has invested heavily in quantum computing in the past several years and is currently putting its expertise to good use, creating hot silicon spin qubits. Qubits are essentially small computing devices that perform differently than typical transistors while also operating at high temperatures.

The company is working diligently on applying the qubits into quantum computing chips that can be used to advance countless fields, while also working with AI systems. All this work is not for nothing. The company is translating this into earnings growth with EPS expected to rise from $1.01 at the end of this year to $1.80 by the end of 2025. As such, this stock should be on any investors watch list.

On the date of publication, Ian Hartana and Vayun Chugh did not hold (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.

Chandler Capital is the work of Ian Hartana and Vayun Chugh. Ian Hartana and Vayun Chugh are both self-taught investors whose work has been featured in Seeking Alpha. Their research primarily revolves around GARP stocks with a long-term investment perspective encompassing diverse sectors such as technology, energy, and healthcare.

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The power of Quantum Computing – The Cryptonomist

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One of the exponential technologies that is not yet getting its fair share of love from the general public and media is Quantum computing. In the past few years, I had the privilege of spending time discussing it with people from CERN and the Fermi Lab, but my conversation with Scott Crowder, Vice President IBM Quantum Adoption and Business Development, had the right mix of theory and real-life examples, which will make anyone understand the potential of this field of research and its business applications. AI will keep its hype for a good while, as we see from its pervasive presence in every corner of the internet. Quantum can be the next big thing. This is our dialogue.

Who are you and what do you do for a living?

My name is Scott Crowder, and I run IBMs Quantum efforts to boost its adoption, together with our partners and industry clients. Our goal is to build a useful Quantum computing infrastructure and to help the world make a Quantum-safe transition, in the next ten years or so. I am an engineer by training and had worked on semi-conductors in the past, before taking on the role of CTO for IBM Systems. With Quantum, its the first time where we have a use first attitude, where we try things with partners, we teach and learn with our clients, before we scale-up projects. Its interesting and its fun.

What are the three killer use cases for Quantum, for what we know now?

Firstly, simulating nature, like materials science new materials, or chemistry, for example better battery chemistry, to mention something that is very hot right now. We do physics simulations or try to understand how complex proteins would behave. These are operations that entail higher computing power than what we could do with todays computers.

Secondly, we try to find patterns out of complex data. For example, a classification of a piece of data as fraud or not. If there is some structure in the data before us, Quantum computing is much better than classical computers to give meaning to it and even pick up things like false positives. This is extremely useful, if we want to make sense of the world.

Lastly, I would say, portfolio optimization, finding efficiencies, and distribution optimization. There are direct and huge applications here, for multiple industries. Think of the mobility or logistics markets, for example. This third use case is slightly farther out from us, in terms of time to market, when compared to the first two.

Where are we really, when it comes to Quantum adoption in the real world?

To simplify it: Quantum is better at doing what it does best, namely simulations. For sure, to do it at scale, larger systems are needed. So, we are looking at 2030 and beyond. What we are doing now is, lets say, algorithmic explorations. We work with a mix of partners: heavy industry conglomerates, banking, pharma, transportation, and startups. And, obviously, universities and research institutions.

Big Tech is also into Quantum, even though the talk of the town is AI. Intel, Microsoft, Google, AWS: all have investments and programs in Quantum, with different approaches to it.

What is the future business model of Quantum? How are you going to sell it?

Its hard to say right now. We must make some assumptions. Its probably going to continue to be, in the medium term, a cloud service, where partners have access to the Quantum capabilities we have built, via API calls, and they can interact with our experts, who help with the prototyping and the training. Basically, its going to be the same as a standard cloud business model. There will be ad hoc projects for sure, where the stakes are high, and we can unlock tremendous economic value. In a way, the approach is more like how we weave CPUs and GPUs into a compute fabric, and not via a single application per se, like a Chat GPT for Quantum.

What would you say is the number one risk associated with Quantum?

Cybersecurity is for sure the number one risk. Future, more powerful Quantum computers will crack at some point the current asymmetric cryptography, which protects public and private information, for example (mobile data, payments, medical records, etc). The math for that already exists. There are Quantum-safe cryptography solutions, but a full ecosystem of security providers and coding will need to change, to account for the Quantum shift, and to make sure we have a Quantum safe era.

Where can we find you and learn more about Quantum?

A simple search for anything related to IBM Quantum will do. I am also active on social media, like LinkedIn. IBM writes a lot of articles on Quantum. We need to talk about it publicly, and have people understand this is real, and it has great potential to bring tremendous value to society and business, across all industries. You may think this is science fiction, as its going to hit us in our next decade, but it is a new way of approaching complex problems. It could help other applications and use cases, as well, like AI, and this is why its the right moment to talk Quantum.

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Amazon taps Finland’s IQM for its first EU quantum computing service – TNW

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IQM Garnet, a 20-qubit quantum processing unit (QPU) is now available via Amazon Web Services (AWS) the first quantum computer accessible via AWS cloud in the European Union.

Finnish quantum hardware startup IQM is based outside of Helsinki, Finland. AWS previously has collaborations in place with IonQ, Oxford Quantum Circuits, QuEra, and Rigetti for its quantum cloud service known as Braket, but this will be the first AWS quantum processor hosted within the EU.

This also means that it is the first time Amazons quantum services will be accessible to end users in its AWS Europe (Stockholm) Region. It is also the first time IQMs quantum computers will be available in an on-demand structure via the cloud, and with AWS pay-as-you-go pricing.

We are very honoured to be part of the Amazon network and work together with a global tech company, Jan Goetz, co-CEO and co-founder at IQM told TNW. For IQM, this is a great opportunity to scale our offering globally and collaborate with leading end-users around the world.

Goetz further added that the joint offering was a great step forward for cloud quantum computing, and would enable cloud users to test novel types of algorithms and use-cases to develop their business.

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As most of our readers will probably know, todays noisy and error-prone quantum computers cannot really do all that much yet. However, the technology is currently advancing incredibly fast. Learning to work with it will not happen overnight.

As such a whole business model has sprung up around getting organisations and corporations quantum-ready, so that they wont be caught off guard when quantum utility arrives. Todays smaller qubit systems are also training grounds for software developers, many of whom are working on solving the issue of error correction. In the context of cloud, IQM Garnet is mostly used by quantum algorithm engineers to develop IP around quantum compilers, algorithms, and error correction schemes, Max Haeberlein, Head of Cloud at IQM told TNW. IQM Garnet offers a highly homogenous layout and has cutting-edge fidelities, allowing users to effectively expand algorithms to the full size of the chip.

At the same time, Haeberlein said, the company offers IQM Garnet at affordable rates, which is especially important for the growing quantum algorithm startup scene.

IQM, founded in 2018, is Europes leading quantum hardware developer in superconducting qubits. In the beginning of next year the company plans to add a high-fidelity IQM Radiance 54-qubit quantum computer to its portfolio.

This, according to Haeberlein, will enable users to extend quantum algorithms beyond the point where they can still be classically emulated by supercomputers. In 2026, we release IQM Radiance with 150 qubits, where we will see the first commercial algorithm applications of scale in the domain of finance, automotive, life sciences, and chemicals, he adds.

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Amazon taps Finland's IQM for its first EU quantum computing service - TNW

Aramco signs agreement with Pasqal to deploy first quantum computer in the Kingdom of Saudi Arabia – Aramco

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Aramco, one of the worlds leading integrated energy and chemicals companies, has signed an agreement with Pasqal, a global leader in neutral atom quantum computing, to install the first quantum computer in the Kingdom of Saudi Arabia.

The agreement will see Pasqal install, maintain, and operate a 200-qubit quantum computer, which is scheduled for deployment in the second half of 2025.

Ahmad Al-Khowaiter, Aramco EVP of Technology & Innovation, said: Aramco is delighted to partner with Pasqal to bring cutting-edge, high-performance quantum computing capabilities to the Kingdom. In a rapidly evolving digital landscape, we believe it is crucial to seize opportunities presented by new, impactful technologies and we aim to pioneer the use of quantum computing in the energy sector. Our agreement with Pasqal allows us to harness the expertise of a leading player in this field, as we continue to build state-of-the-art solutions into our business. It is also further evidence of our contribution to the growth of the digital economy in Saudi Arabia.

Georges-Olivier Reymond, Pasqal CEO & Co-founder, said: The era of quantum computing is here. No longer confined to theory, it's transitioning to real-world applications, empowering organisations to solve previously intractable problems at scale. Since launching Pasqal in 2019, we have directed our efforts towards concrete quantum computing algorithms immediately applicable to customer use cases. Through this agreement, we'll be at the forefront of accelerating commercial adoption of this transformative technology in Saudi Arabia. This isn't just any quantum computer; it will be the most powerful tool deployed for industrial usages, unlocking a new era of innovation for businesses and society.

The quantum computer will initially use an approach called analog mode. Within the following year, the system will be upgraded to a more advanced hybrid analog-digital mode, which is more powerful and able to solve even more complex problems.

Pasqal and Aramco intend to leverage the quantum computer to identify new use cases, and have an ambitious vision to establish a powerhouse for quantum research within Saudi Arabia. This would involve leading academic institutions with the aim of fostering breakthroughs in quantum algorithm development a crucial step for unlocking the true potential of quantum computing.

The agreement also accelerates Pasqal's activity in Saudi Arabia, having established an office in the Kingdom in 2023, and follows the signing of a Memorandum of Understanding between the companies in 2022 to collaborate on quantum computing capabilities and applications in the energy sector. In 2023, Aramco's Wa'ed Ventures also participated in Pasqal's Series B fundraising round.

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Here Come the Qubits? What You Should Know About the Onset of Quantum Computing – IPWatchdog.com

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Nearly 5,000 patents were granted in [quantum computing] in 2022approximately 1% more than 2021. By January 2024, the United States had authorized and issued an aggregate of nearly 16,000 patents in the area of quantum technology (37% of the global total).

While artificial intelligence (AI) may occupy all the limelight from media, stock markets, large and small corporations, not to mention political figures, futurists and modernists know that the mainstreaming of quantum computing will enable the next real technology paradigm shift.

From its beginnings in the speculative musings of physicist Paul Benioff in 1980 to the groundbreaking algorithms of mathematician Peter Shor in 1994, quantum computing was a transformative discovery. However, it was not until Googles establishment of a quantum hardware lab in 2014 that the theoretical promises began to materialize into practical applications. This marked the onset of a new era, where quantum experimentation became increasingly accessible, with IBM democratizing access to prototype processors and Google achieving quantum advantage over classical supercomputers in 2019.

What is quantum computing?

It is a technology for performing computations much faster than classical computing by using quantum-mechanical phenomena. Indeed, quantum computing can theoretically provide exponential performance improvement for some applications and to potentially enable completely new territories of computing. It has applications beyond computing, including communications and sensing.

How does quantum computing work?

While digital computers store and process information using bits, which can be either 0 or 1, quantum computers use qubits (quantum bits) that differ from these traditional bits. A qubit can be either an electron or proton, and unlike traditional bits, can also exist in superposition states, be subjected to incompatible measurements (or interference), and even be entangled with other quantum bits, rendering them much more powerful.

What has delayed the obsolescence of traditional computers and blocked the dominance of quantum computers?

To build a quantum computer or other quantum information technologies, we need to produce quantum objects that can act as qubits and be harnessed and controlled in physical systems. Therein lies the challenge, but scientists are quietly making progress.

While the theoretical potential of quantum computing was identified decades ago, it has only begun to be realized in recent years. An accelerating, high-stakes arms race is afoot in the private and public sectors to build quantum processors and circuits capable of solving exponentially complex problems, and a growing number of working systems are in progress. Quantum computing will likely lead to a paradigm shift as it unlocks advancements in several scientific fields.

What has the government done about it?

The United States adopted the National Quantum Initiative Act in December 2018 for the first time, giving the United States a plan for advancing quantum technology and quantum computing. The National Quantum Initiative, or NQI, provided an umbrella under which government agencies could develop and operate programs for improving the climate for quantum science and technology in the U.S., coordinated by the National Quantum Coordination Office, or NQCO. Agencies include the National Institute of Standards and Technology or NIST, the National Science Foundation or NSF, and the Department of Energy or DOE. These agencies have combined to establish the Quantum Economic Development Consortium, or QED-C, a consortium of industrial, academic, and governmental entities. Five years later, Congress and the President adopted a rare bipartisan bill to reauthorize the NQIA to further accelerate quantum research and development economic and national security of the United States, with needed funding and support.

Most recently, on April 10, 2024, United States Senator Marsha Blackburn (R-TN) and Representative Elise Stefanik (R-NY) introduced the Defense Quantum Acceleration Act, which would, among other provisions, establish a quantum advisor and a new center of excellence. The preeminence of quantum computing technology within national defense initiatives just got strategic. For example, quantum-encrypted information can not be secretly intercepted, because attempting to measure a quantumproperty changes it.Similarly, in the domain of navigation, while global positioning systems or GPS can be spoofed, quantumsensors can securely relay information about location. Quantum computers have the capability of processing information infinitely faster and more complex than traditional computers.

Its still early days, but the quantum realm is heating up and rapidly evolving. While they currently face challenges such as size limitations, maintenance complexities, and error susceptibility compared to classical computers, experts envision a near-term future where quantum computing outperforms classical computing for specific tasks.

What is the potential impact of quantum technology on the U.S. economy?

Digital computers have been pivotal in information processing, but quantum computers offer a paradigm shift. With the capacity to tackle intricate statistical problems beyond current computational boundaries, quantum computing is a game changer. McKinsey projects it to contribute nearly $2.0 trillion in value by 2035. The industries most likely to see the earliest economic impact from quantum computing include automotive, chemicals, financial services, and life sciences.

A McKinsey study published in April 2024 also delves into various facets of the investment landscape within the Quantum Technology (Q.T.) sector:

Technological advancements in quantum computing have accelerated in recent years, enabling solutions to exceedingly complex problems beyond the capabilities of todays most influential classical computers. Such advancements could revolutionize various sectors, such as the chemicals, life sciences, finance and mobility sectors. The industry is poised to revolutionize, with quantum computers presenting new frontiers for personalized medicine, allowing for more accurate diagnostics and targeted treatment options. In life sciences, it could accelerate drug discovery, enable personalized medicine through genomic targeting, and revolutionize pharmaceutical research and development. In financial services, it could optimize portfolio management and risk assessment, potentially creating $622 billion in value.

Agricultural advancements enabled by quantum computing could enhance crop optimization and resource efficiency, addressing food security and climate concerns. In the automotive sector, quantum computing offers avenues for optimizing R&D, supply chain management, and production processes, reducing costs, and enhancing efficiency. Similarly, quantum computing holds promise in revolutionizing chemical catalyst design, facilitating sustainable production processes, and mitigating environmental impacts.

Where is intellectual property being created in quantum technology? Nearly 5,000 patents were granted in the area in 2022, the last period for which data is available, approximately 1% more than 2021. By January 2024, the United States had authorized and issued an aggregate of nearly 16,000 patents in the area of quantum technology (37% of the global total), Japan had over 8,600 (~20%), Germany just over 7,000, China almost at 7,000 with France closely behind. More notable perhaps are the numbers of patent applications filed globally, with the United States and China neck-and-neck at 30,099 and 28,593 as of January 2024. Strangely, and its worth thinking about why, granted patents decreased for the global top 10 players in 2021 and 2022.

The European Union has the highest number and concentration of Q.T. talent, per OECD data through 2021, with 113,000 graduates in QT-relevant fields, with India at 91,000 and China at 64,000 and the United States at 55,000. The number of universities with Q.T. programs increased 8.3% to 195, while those offering masters degrees in Q.T. increased by 10% to 55.

What are the legal considerations implicated by commercial quantum technology?

Despite the endless possibilities, legal considerations are looming with the rise of commercial quantum computing. In order to embrace the potential changes brought by quantum computing, legal experts must grasp its foundational principles, capabilities, and ramifications to maneuver through regulatory landscapes, safeguarding intellectual property rights, and resolving disputes.

Cybersecurity: Data is protected by cryptography and the use of algorithms. With exponentially higher computing power, the beginning of commercial quantum computing will require quantum cryptography that cannot be hacked. From when quantum computing becomes available to hackers until quantum cryptography can achieve ubiquity, how will we keep our networks and data safe from cyber-criminals? Can quantum-resistant cryptography protect against this obvious risk?

Privacy: Commercial enterprises will need to adopt procurement policies and implement security protocols that enable compliance with the General Directive on Privacy Regulation in Europe, the China Data Protection Act, and similar legislation in the United States, such as the California Consumer Privacy Act and its progeny. Companies that form the nucleus of our infrastructure for telecommunications, energy, water, waste, health, banking, and other essential services will need extra protection. The consequences of failure are immeasurable. How will we protect the terabytes of additional personal information that quantum computers can collect, transmit, store, analyze, monetize, and use? Existing regulations do not contemplate the gargantuan amount of personal data that will be collected, and new, sensible policies will need to be contemplated and created before the technology exists.

Competition: In the first, second, and third industrial revolutions, we saw first-movers acquire dominant market positions. The public responded by developing legislation to allow the government to break up private enterprises. How will we protect the marketplace from being dominated by a first mover in commercial quantum computing to ensure that healthy competition continues to exist?

Blockchains and smart contracts: The proliferation of quantum computing capabilities should enable greater use of distributed ledgers or blockchains to automate supply chains and commercial and financial transactions. How will they be enabled and protected? Who will be responsible if they are compromised or lost?

Cloud computing: The cloud will be disrupted. Conventional, slower computers will become obsolete when quantum computers enter the data center. Who will have access to quantum cloud computing, and when? The quantum divide could replace the digital divide.

Artificial intelligence: What will happen if quantum computing enables quantum computers to use A.I. to make decisions about people and their lives? Who will be responsible if the computer makes an error, discriminates on some algorithmic bias (e.g., profiling), or makes decisions against sound public policies?

Legal system:Quantum computing will profoundly disrupt the legal system, as it imports large scale efficiencies and speeds to processes, surpassing the capabilities of human intelligence, including that of the very best lawyers. Eventually, as quantum computing is miniaturized and placed on handheld devices, we approach singularity and a paradigm shift so profound that our entire legal system may be turned on its head.

Quantum computing embodies a future with possibilities akin to the pioneering spirit of space exploration. While classical computers retain prominence for many tasks, quantum computing offers unparalleled potential to tackle complex problems on an unprecedented scale, heralding a new era of innovation and discovery that fills us with hope and optimism. However, to fully capitalize on the potential of this tremendous technology, these kinds of legal concerns must be effectively addressed.

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Here Come the Qubits? What You Should Know About the Onset of Quantum Computing - IPWatchdog.com

ISC 2024 A Few Quantum Gems and Slides from a Packed QC Agenda – HPCwire

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If you were looking for quantum computing content, ISC 2024 was a good place to be last week there were around 20 quantum computing related sessions. QC even earned a slide in Kathy Yelicks opening keynote Beyond Exascale. Many of the quantum sessions (and, of course, others) were video-recorded and ISC has now made them freely accessble.

Not all were recorded. For example what sounded like a tantalizing BOF panel Toward Hardware Agnostic Standards in Hybrid HPC/Quantum Computing featuring Bill Gropp (NCSA, University of Illinois), Philippe Deniel (Commissariat Energie Atomique (CEA)), Mitsuhisa Sato (RIKEN), Travis Humble (ORNL), Venkatesh Kannan (Irelands High Performance Centre), and Kristel Michielsen (Julich Supercomputing Center). Was sorry to miss that.

Regardless, theres a wealth of material online and its worth looking through the ISC 2024 inventory for subjects, speakers, and companies of interest (registration may be required). Compiled below are a few QC soundbites from ISC.

Yelick, vice chancellor for research at the University of California, covered a lot of ground in her keynote examining the tension and opportunities emerging from the clash of traditional FP64 HPC and mixed-precision AI and how the commercial supply line of advanced chips is changing. Quantum computing earned a much smaller slice.

I really just have this one slide about quantum. Theres been some really exciting progress if you have been following this and things like error correction over the last year with really, significant improvements in terms of the ability to build error corrected quantum systems. On the other hand, I would say we dont yet have an integrated circuit kind of transistor model yet, right. Weve got a bunch of transistors, [i.e.] weve got a whole bunch of different kinds of qubits that you can build, [and] theres still some debate [over them].

In fact, the latest one of the latest big error correction results was actually not for the superconducting qubits, which is what a lot of the early startups were in, but for the AMO (atomic, molecular, optical) physics. So this is really looking at the fact that were not yet at a place where we can rely on this for the next generation of computing, which is not to say that we should be ignoring it. Im really interested to see how [quantum computing evolves and] also thinking about how much classical computing were going to need with quantum because thats also going to be a big challenge with quantum. [Its] very exciting, but its not replacing also general purpose kind of computing that we do for science and engineering.

Not sure if thats a glass half-full or half-empty perspective. Actually, many of the remaining sessions tackled the questions she posed, including the best way to implement hyrbid HPC-Quantum system, error correction and error mitigation, and the jostling among competing qubit types.

It was easy to sympathize (sort of) with speakers presenting at the Quantum Computing Status of Technologies session, moderated by Valeria Bartsch of Fraunhofer CFL. The speakers came from companies developing different qubit modalities and, naturally, at least a small portion of their brief talks touted their company technology.

She asked, Heres another [submitted question]. What is the most promising quantum computing technology that your company is not developing yourself? I love that one. And everybody has to answer it now. You can think for a few seconds.

Very broadly speaking neutral atom, trapped ion, and superconducting are perhaps the most advanced qubit modalities currently and each speaker presented a bit of background on their companies technology and progress. Trapped ions boast long coherence times but somewhat slower swicthing speeds. Superconducting qubits are fast, and perhaps easier to scale, but error prone. Neutral atoms also have long coherence times but have so far been mostly used for analog computing though efforts are moving quickly to implement gate-based computing. To Hayes point, Marjorana (topology) qubits would be inherently resistant to error.

Not officially part of the ISC program, Hyperion delivered its mid-year HPC market update online just before the conference. The full HPCwire coverage is here and Hyperion said it planned to put its recorded presentation and slides available on its website. Chief Quantum Analyst Bob Sorensen provided a brief QC snapshot during the update predicting the WW QC market will surpass $1 billion in 2025.

Sorensen noted, So this is a quick chart (above) that just shows the combination of the last four estimates that we made, you can see starting in 2019, all the way up to this 2023 estimate that reaches that $1.5 billion in 2026 I talked about earlier. Now my concern here is always its dangerous to project out too far. So we do tend to limit the forecast to these kinds of short ranges, simply because a nascent sector like quantum, which has so much potential, but at the same time has some significant technical hurdles to overcome [which] means that there can be an inflection point most likely though in the upward direction.

He also pointed out that a new use case, a new breakthrough in modality or algorithms, any kind of significant driver that brings more interest in and performance to quantum kick can significantly change the trajectory here on the upside.

Sorensen said, Just to give you a sense of how these vendors that we spoke to looked at algorithms, we see the big three are still the big three in mod-sim, optimization, and AI with with some interest in cybersecurity aspects, post quantum encryption kinds of research and such as well as Monte Carlo processes taking advantage of quantum stability to generate random number generator, provable random numbers to support the Monte Carlo processing.

Interesting here is that were seeing a lot more other (17%). This is the first time weve seen that. We think it is [not so much] about new algorithms, but perhaps hybrid mod-sim optimized or machine learning that feeds into the optimization process. So we think were seeing more hybrid applications emerging as people take a look at the algorithms and decide what solves the use case that they have in hand, he said.

Satoshi Matsuoka, director of RIKEN Center for Computational Science, provided a quick overview of Fugaku plans for incorporating quantum computing as well as touching on the status of the ABCI-Q project. He, of course, has been instrumental with both systems. Both efforts emphasize creating a hybrid HPC-AI-Quantum infrastructure.

The ABCI-Q infrastructure (slide below) will be a variety of quantum-inspired and actual quantum hardware. Fujitsu will supply the former systems. Currently, quantum computers based on neutral atoms, superconducting qubits, and photonics are planned. Matsuoka noted this is well-funded a few $100 million with much of the work done geared toward industry.

Rollout of the integrated quantum-HPC hybrid infrastructure at Fugaku is aimed at the 2024/25 timeframe. Its also an ambitious effort.

About the Fugaku effort, Matsuoka said, [This] project is funded by a different ministry, in which we have several real quantum computers, IBMs Heron (superconducting QPU), a Quantinuum (trapped ion qubits), and quantum simulators. So real quantum computers and simulators to be coupled with Fugaku.

The objective of the project [is to] come up with a comprehensive software stack, such that when the real quantum computers that are more useful come online, then we can move the entire infrastructure along with any of those with quantum computers along with their successors to be deployed to solve real problems. This will be one of the largest hybrid supercomputers.

The aggressive quantum-HPC integration sounds a lot like what going on in Europe. (See HPCwire coverage, Europes Race towards Quantum-HPC Integration and Quantum Advantage)

The topic of benchmarking also came up during Q&A at one session. A single metric such as the Top500 is generally not preferred. But what then, even now during the so-called NISQ (noisy intermediate-scale quantum) computing era?

One questioner said, Lets say interesting algorithms and problems. Is there anything like, and Im not talking about a top 500 list for quantum computers, like an algorithm where we can compare systems? For example, Shors algorithm. So who did it and what is the best performance or the largest numbers you were able to factorize?

Hayes (Quantinuum) said, So we havent attempted to run Shors algorithm, and interesting implementations of Shors algorithm are going to require fault tolerance to factor a number that a classical computer cant. But you know, that doesnt mean it cant be a nice benchmark to see which company can factor the largest one. I did show some data on the quantum Fourier transform. Thats a primitive in Shors algorithm. I would say that thatd be a great candidate for benchmarking the progress and fault tolerance.

More interesting benchmarks for the NISC era are things like quantum volume, and theres some other ones that can be standardized, and you can make fair comparisons. So we try to do that. You know, theyre not widely or universally adopted, but there are organizations out there trying to standardize them. Its difficult getting everybody marching in the same direction.

Corcoles (IBM) added, I think benchmarking in quantum has an entire community around it, and they have been working on it for more than a decade. I read your question as focusing on application-oriented benchmarks versus system-oriented benchmarks. There are layers of subtlety there as well. If we think about Shors algorithm, for example, there were recent works last year suggesting theres more than one way to run Shors. Depending on the architecture, you might choose one or another way.

An architecture that is faster might choose to run many circuits in parallel that can capture Shors algorithm and then do a couple of processing or architecture that that might might take more time they just want to run one single circuit with high probability measure the right action. You could compare run times, but theres probably going to be differences that add to the uncertainty of what what technology you will use, meaning that there might be a regime of factoring, where you might want to choose one aspect or another, but then your particular physical implement, he said.

Macri (QuEra) said, My point is were not yet at the point where we can really [compare systems]. You know we dont want to compete directly with our technologies. I would say that especially in for what concerns applications we need to adopt a collaborative approach. So for example, there are certain areas where these benchmarks that you mentioned are not really applicable. One of them is a quantum simulation and we have seen really a lot of fantastic results from our technology, as well as from ion traps and superconducting qubits.

It doesnt really make sense really to compare the basic features of the technologies so that, you know, we can a priori, identify what is the specific application the result that you want to achieve. I would say lets focus on advancing the technology we see. We already know that there are certain types of devices that outperform others for specific applications. And then we will, we will decide these perhaps at a later stage. But I agreed for for very complex tasks, such as quantum Fourier transform, or perhaps the Shors algorithm, but I think, to be honest, its still too preliminary [for effective system comparisons].

As noted this was a break-out year for quantum at ISC which has long had quantum sessions but not as many. Europes aggressive funding, procurements, and HPC-quantum integration efforts make it clear it does not intend to be left behind in the quantum computing land rush, with, hopefully, a gold rush to follow.

Stay tuned.

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ISC 2024 A Few Quantum Gems and Slides from a Packed QC Agenda - HPCwire