Daily Archives: July 25, 2021

Quantum computers might look like extravagant chandeliers, but they actually hold great potential. And IBM's top quantum chief said Wall Street's use of the tech is on the cusp of taking off.

Quantum computing unlocks the ability to execute big, complex calculations faster than traditional computers. It does so by leveraging quantum mechanics, which is a form of physics that runs on quantum bits, or qubits, rather than the traditional 1 and 0 that computers typically use.

For years, theoretical research has shown that while quantum computing can be beneficial, the cost for companies to deploy the tech has been too high to justify .

JPMorgan Chase, for example, has worked with IBM to use quantum to test an algorithm that predicted options prices, according to a 2019 IBM research blog.

IBM's quantum computer required less data input, cutting down the number of samples for a given simulation from millions to a few thousand, IBM mathematician Dr. Stefan Woerner said at the time. With fewer samples, he said, computations could be done in near real-time, as opposed to overnight.

While the technology was tested successfully and is ready to use, the bank has kept the capability on the back burner. The resources required for the quantum machine made the classical computer a better, more efficient option, a bank spokesperson told Insider.

But that'll soon change, according to IBM's chief quantum exponent, Bob Sutor.

"When is quantum going to do something more for me than the systems I have already?" Sutor told Insider. "Within a few years we'll start to see that."

That's because more people are starting to test quantum techniques. The more users, Sutor said, the more IBM and others within its quantum network, including JPMorgan, Goldman Sachs, and Wells Fargo can learn, iterate, and build off the rare instances when using quantum over a classical computer makes sense, financially.

In 2016 IBM put quantum on the cloud, and now has about 20 quantum computing systems accessible via the web, Sutor said. Half are free to use.

Roughly 325,000 people have registered to use the tech since 2016 and there are about 2 billion circuits (the tiny bits of code sent to the quantum hardware to run) executed daily, he added.

An open-source tool, called Qiskit, enables users to code in Python when using the cloud-based quantum computers, Sutor said, a coding language specifically chosen for its widespread use and deep roots within the data science and AI communities.

Meanwhile, IBM is making investments to grow the quantum team across scientists and developers, according to a spokesperson who declined to specify numbers. The company is also standing up a quantum computer in Tokyo this year and another on-premise quantum computer in Cleveland, Sutor said.

IBM's quantum computers are getting bigger, too. The firm's first quantum computer was a 5-qubit machine (the number and quality of qubits reflect the machine's compute power). Now it has a machine with 65 qubits; by year end it will build a machine with 127 qubits; and by 2023, IBM will have a machine with more than 1,000 qubits, Sutor said.

Sutor said financial services companies are on the forefront of quantum exploration, adding that "their researchers are very hardcore when you're talking about artificial intelligence and now quantum."

Speed matters for financial institutions performing risk calculations or algorithmic trading, making a strong use case for quantum computing, Howard Boville, head of IBM's hybrid cloud platform, told Insider.

"They're always looking for milliseconds of advantage in terms of latency," he said, referring to the financial firms tapping the technology.

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Here's How IBM Is Driving the Use of Quantum Computing on Wall Street - Business Insider

NEW YORK, July 19, 2021 /PRNewswire/ --As per the findings of a revised market research by Persistence Market Research, the worldwide quantum computing market insight reached a valuation of around US$ 5.6 Bn in 2020, and is anticipated to surge at a CAGR of 33.7% over the next ten years.

Major companies are developing quantum computers focused on delivering free access to their quantum systems through cloud platforms, with the objective of creating awareness and a community for developers working on quantum computing technology. Through this new way of offering access, companies are targeting universities, research groups, and organizations focused on quantum computing to practice, test, and develop applications of quantum computing.

Key Takeaways from Market Study

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"Growing trend of cost-effective cloud quantum computing along with technological advancements and rising governmental investments to develop quantum computing solutions for commercial applications to propel market growth," says a Persistence Market Research analyst.

Pharmaceutical Industry Preclinical Drug Discovery and Development of Personalized Medicine

Quantum computers are computational devices that use dynamics of atomic-scale objects to manipulate and store information. Current methods in drug synthesis involve significant approximations on the molecular and atomic level. Material science and pharmaceutical vendors use a variety of computational exhaustive methods to evaluation molecule matches and expect positive effects of potential therapeutic approaches.

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Accurate predictions often require lengthy simulation processes with the current binary computing system, and it takes years and cost millions of dollars to achieve the desired result. There is an opportunity for quantum computing to replace exiting binary systems in drug discovery processes, as quantum computers can analyze large-scale molecules in less time. Also, high computational power of quantum computers opens up the possibility for developing personalized medicines based on individual unique genetic makeup.

COVID-19 Impact Analysis

The COVID-19 epidemic outbreak has disrupted different industries, including the quantum computing space. Demand for quantum computing software, machine learning, cloud-based quantum computing, artificial intelligence (AI), and quantum computer-as-a-services has been increasing during lockdowns. This is fueling demand for quantum computing software and services.

During the outbreak, manufacturing as well as design and development of quantum computing devices declined by nearly 5%-7% in Q3-Q4 2020, due to falling production across East Asian and North America factories, as both regions are the world's major quantum computing device manufacturers and suppliers. However, according to report, production has become pretty stable in the first half of 2021 with demand gaining traction again.

Large quantum-computing enterprises in North America, Europe, Canada, China, Australia, India, and Russia are investing in qubit research, while also giving researchers access to cloud-based and commercial cloud services. Over, the market for quantum computing is projected to grow faster from Q3-Q4 2021 onwards.

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Find More Valuable Insights

Persistence Market Research puts forward an unbiased analysis of the global market for quantum computing market, providing historical demand data (2016-2020) and forecast statistics for the period 2021-2031.

To understand the opportunities in the market, it has been segmented on the basis of component (quantum computing devices, quantum computing software, and services (consulting services, implementation services, and support & maintenance), application (simulation & testing, financial modeling, artificial intelligence & machine learning, cybersecurity & cryptography, and others) and industry (healthcare & life sciences, banking & financial services, manufacturing, academics & research, aerospace & defense, energy & utilities, it & telecom and others) across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Pacific, and MEA).

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Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.

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Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies'/clients' shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part.

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Quantum Computing Market is anticipated to surge at a CAGR of 33.7% over the next ten years - PRNewswire

Honeywell

In the wake of a planned merger announcement for Honeywell Quantum Solutions (HQS) and Cambridge Quantum (CQ), the pair jointly made three significant quantum announcements this week. The announcements covered a lot of ground - quantum error correction, a new quantum volume record, and speedup of important quantum optimization software.HQS and CQ have a long history of working together on quantum projects that involve optimization, scheduling, and other enterprise-level challenges.

Honeywell Quantum Solutions began in 2018 as a business unit of Honeywell International. Its quantum hardware technology of choice is trapped ytterbium ions. Cambridge Quantum (CQ) was founded in 2014 and develops quantum software for quantum chemistry, quantum machine learning, and quantum augmented cybersecurity. The mergershould close in Q3 2021

A big step in error correction

Developing scalable error correction is key to the future of quantum computing. Unlike classical computers, which rarely make errors, quantum computers are error-prone and susceptible to errors caused by environmental factors such as background radiation and noise generated by cabling and electrical components. Qubits, the fundamental computational units for quantum computers, also contribute to errors in other qubits.

The inability to correct errors at scale is one of the main reasons we cannot build large, fault-tolerant quantum computers today.There has been a great deal of research in error correction. These schemes all require the use of some number of physical qubits to produce one good computational qubit.Estimates for the number of physical qubits needed to create one logical qubit vary from five to a thousand or more.For example, 100 logical qubits would require 100,000 physical qubits for error correction at the high end.For really useful work, like large molecule simulation, it would need millions of physical qubits.

Honeywells Model H1 quantum computer pioneered the use of QCCD, an advanced trapped-ion architecture that allows for arbitrary movement of ions and parallel gate operations across multiple zones.

Taking advantage of its QCCD architecture, for a first in error correction, Honeywell researchersdemonstratedrepeatedrounds of real-time quantum error correction. This research represents a significant step toward the realization of large-scale quantum computing.

System Model H1 doubles its Quantum Volume (again)

This week HQS announced it had achieved ameasuredquantum volume of 1,024, the world's highest measured quantum volume.quantum volume measures a quantum system's overall performance.Adding qubits alone cannot increase a quantum computer's power. Its performance is affected by its architecture and the interaction of the number of qubits, connectivity of qubits, gate fidelity, cross talk, and circuit compiler efficiency.Quantum volume is a good measurement because it considers all those factors.

Honeywell has met its forecasted annual doubling of quantum volume (QV) objectives by making continual improvements in the architecture and hardware of its Model H1 quantum computer. The previous measured QV records also achieved by Honeywell were:

A newVQE-type quantum algorithm

VQE algorithms estimate the lowest energy state or a systems minima.VQE is essentially a hybrid machine learning algorithm that splits the work between classical computers and quantum computers. It minimizes cost functions to determine the best way to load several vehicles, the most efficient vehicle routing, or supply chain costs.It is a complex process that requires many iterations.

Cambridge Quantumannounced it has created a proprietary quantum algorithm that needs far fewer qubits to solve optimization problems. The algorithm also uses new methods to accelerate convergence up to 100 times faster, improve the solution quality, and reduce hardware resource requirements.This algorithm demonstrated it performedbetter than the original VQE algorithm and the Quantum Approximate Optimization Algorithm (QAOA).These new methods were developed and implemented on Honeywells System Model H1 quantum processor.

According to the joint press release by HQS and CQC,Ilyas Khan, CEO, and founder of Cambridge Quantum, provided context to the announcements.Faster quantum algorithms can have a profound impact on a variety of industries that face complicated optimization problems. An excellent example is steel manufacturing, where global steel companies typically produce a variety of products. Manufacturing at this scale and complexity on time at minimal cost requires complicated scheduling of several production processes that are challenging for even the largest classical computing systems currently available. Logistics companies, airlines, and in a slightly different context, diversified financial services companies and banks need the same type of solution. By optimizing these processes, companies and, ultimately, its customers and consumers, in general, can see the positive effects. Honeywell and Cambridge Quantum are making it easier for businesses to do its jobs well and effectively."

Analyst notes:

Note: Moor Insights & Strategy writers and editors may have contributed to this article.

Moor Insights & Strategy, like all research and analyst firms, provides or has provided paid research, analysis, advising, or consulting to many high-tech companies in the industry, including 8x8, Advanced Micro Devices, Amazon, Applied Micro, ARM, Aruba Networks, AT&T, AWS, A-10 Strategies,Bitfusion, Blaize, Box, Broadcom, Calix, Cisco Systems, Clear Software, Cloudera,Clumio, Cognitive Systems, CompuCom, Dell, Dell EMC, Dell Technologies, Diablo Technologies, Digital Optics,Dreamchain, Echelon, Ericsson, Extreme Networks, Flex, Foxconn, Frame (now VMware), Fujitsu, Gen Z Consortium, Glue Networks, GlobalFoundries, Google (Nest-Revolve), Google Cloud, HP Inc., Hewlett Packard Enterprise, Honeywell, Huawei Technologies, IBM, Ion VR,Inseego, Infosys, Intel, Interdigital, Jabil Circuit, Konica Minolta, Lattice Semiconductor, Lenovo, Linux Foundation,MapBox, Marvell,Mavenir, Marseille Inc, Mayfair Equity, Meraki (Cisco),Mesophere, Microsoft, Mojo Networks, National Instruments, NetApp, Nightwatch, NOKIA (Alcatel-Lucent), Nortek,Novumind, NVIDIA, Nuvia, ON Semiconductor, ONUG, OpenStack Foundation, Oracle, Poly, Panasas,Peraso, Pexip, Pixelworks, Plume Design, Poly,Portworx, Pure Storage, Qualcomm, Rackspace, Rambus,RayvoltE-Bikes, Red Hat,Residio, Samsung Electronics, SAP, SAS, Scale Computing, Schneider Electric, Silver Peak, SONY,Springpath, Spirent, Splunk, Sprint, Stratus Technologies, Symantec, Synaptics, Syniverse, Synopsys, Tanium, TE Connectivity,TensTorrent,TobiiTechnology, T-Mobile, Twitter, Unity Technologies, UiPath, Verizon Communications,Vidyo, VMware, Wave Computing,Wellsmith, Xilinx, Zebra,Zededa, and Zoho which may be cited in blogs and research.

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Quantum Triple Play For Honeywell And CQC- Major Error Correction Research, New World Record For Quantum Volume, And New VQE-Type Quantum Algorithm -...

(Image by Pete Linforth from Pixabay )

Start-up Oxford Quantum Circuits (OQC) has launched the UK's first homegrown Quantum Computing as-a-Service (QCaaS) platform, making the first quantum computer built in the UK with proprietary technology accessible to enterprises and strategic partners.

OQC's patented Coaxmon superconducting qubit array uses a 3D architecture that the company says will make quantum computing much easier to scale than other architectures for new commercial applications.

The move is part of a trend within the sector to put quantum processing in the cloud within a suite of enterprise applications. Google, AWS, Microsoft, and others, all have a presence in a space opened in 2016 when IBM made an early quantum processor available as an on-demand service.

Spun out of Oxford University in 2017, OQC believes its private-cloud approach and focus on industries such as financial services and cybersecurity give it real commercial potential, supported by the UK's diverse and growing network of quantum start-ups in applications, hardware, sensors, and more.

Under the now defunct Industrial Strategy and its COVID-era replacement, the Plan for Growth, quantum computing is a strategic priority for the UK, along with related technologies, such as quantum applications, sensors, communications, and timing.

Dr Ilana Wisby is OQC's CEO. She believes the UK has the potential to establish a genuine leadership position in this fast-emerging field, despite a handful of American behemoths' ability to throw dollars at solving problems.

She says:

Throwing money at things does not always win. With quantum computing it will help, of course, but it's not going to determine who is the winner. The key word is leadership. And with anything new, there is a huge opportunity to lead. The UK has led with the pioneering Industrial Strategy Challenge Fund, and a pioneering strategy led by the government, and we can now lead in creating and winning in this sector.

There's probably 19, 20, or more companies in the UK that are focused on this kind of deep-tech quantum technology delivery, whether that is software or hardware. At OQC, we just spun out earlier, we are more mature as a company, and with our strategy and the core technology, we've been able to scale and deliver this product to market sooner and effectively, so we are the first platform.

We're seeing quantum companies attracted to the UK, as an epicentre for the industry. We are not afraid of the competition. What we have from universities is incredible innovation, which will help us make sure that we can scale effectively and deliver high-performance quantum computers at significantly lower cost.

Dr Wisby has a quantum physics PhD herself, but saw a more exciting path in entrepreneurship than in academia - evidenced by OQC launching its Series A funding round last week on the back of the cloud announcement. She explains:

I got frustrated with the academic environment, and the impacts that I could make with that, and found my love, entrepreneurship, through an internship while I was writing my thesis. I did work with two start-ups very closely linked to deep tech and was able to see how I could take technology that was coined and ideated within a university environment, but help pull it out and towards having a real-world impact.

Given the increasing trend to spin ventures out of the UK's universities - in areas such as quantum tech, AI, and robotics - are entrepreneurship and academia still sitting in separate worlds? Or are they increasingly intertwined?

Yes, absolutely right [they are intertwined]. I sit on an advisory board, which is all about helping, particularly with diversity, to ensure that we're promoting entrepreneurship. I do think it's a trend, supported by credible funds that are able to recognise and help high potential, and take that to fruition.

Sciences, fundamentally, are so important for the UK ecosystem. And I think people will look more to science and as an opportunity and be excited by it, to bring it out and make an impact with it.

Has Brexit made that task harder, given that many start-ups' route to new markets has been through Europe, while research, collaboration, and funding opportunities have come from the continent too? She says:

We haven't seen any impact so far. I know there was some concern on the European side with Horizon, but that has been resolved. We have got money and the UK's strategy towards quantum continues to be pioneering. There is still good funding and support for this space coming from the government, and we are incredibly appreciative of that.

The results certainly seem to speak for themselves. She says:

We are seeing a lot more end-market interest now. We have several projects with enterprise customers that I'm not able to talk about yet, but there is a lot of interest - in cybersecurity, finance, pharmaceutical, and other trend areas. Forward-thinking enterprises are making sure they get first-mover advantage and are actively engaging with quantum as a disruptive technology.

Being able to work with customers is important, to understand their needs so we can make sure that the quantum computer as a service we're delivering is built to their specifications. We're open, but it's in Beta, so it's still a collaborative activity.

We are particularly interested in talking to enterprise users that have problems where we can have an impact, so we can start to do things that haven't been possible before, and which one day will lead to really high-impact applications.

Great news for the UK, and a sign that the country's entrepreneurial spirit is alive and well, in the hands of a young, ambitious, and, increasingly, women-led group of innovators.

The first company to access OQC's cloud platform - for its IronBridge quantum cybersecurity demonstrator - will be 2014 start-up Cambridge Quantum Computing, another spin-out from the UK's varsity system. In June, that company merged with Honeywell Quantum Solutions to create an integrated provider that will remain in Cambridge, backed by US industry contacts.

Originally posted here:

Oxford Quantum Circuits launches quantum computing in the cloud - Diginomica

LONDON--(BUSINESS WIRE)--A University of Surrey report co-authored by Stephen Holmes, Chief Product Officer at Arqit Limited (Arqit), a global leader in quantum encryption technology, and Professor Liqun Chen, Professor in Secure Systems at the University of Surrey, released today identifies the definitive threat posed to Digital Assets unless urgent changes are made to their cryptography.

With increasing global investment, quantum computing technology is developing quickly towards the point where it will have sufficient power to break the digital signatures used in digital assets. As central banks and large enterprises are now seriously considering the large- scale use of digital assets, this is more important than ever. This research assesses the attack mechanisms employed by a quantum computer and when they will arise. It covers:

Arqits Founder, Chairman and CEO, David Williams said, The University of Surrey research paper highlights some critical issues that must be addressed and prioritised to ensure all digital assets are secure against quantum computer attacks. With mass digitisation of almost every aspect of our society already underway, and a number of governments considering the launch of their own digital currencies, this is now a global issue. The world needs stronger, simpler encryption to counter the major attacks seen daily today, and the quantum attack of tomorrow. We welcome this research which elaborates well the things that the digital assets community must consider to mitigate these cryptographic threats.

About the researchers:Stephen Holmes is Chief Product Officer at Arqit. He has 30 years of experience in IT, including appointments as CTO, consultant, enterprise architect, and product manager of disruptive innovation. He conducted his PhD research in post quantum cryptography applied to blockchain at the University of Surrey. Stephen has a wide range of experience in commercialising disruptive technologies and has worked at IBM laboratories, Hewlett Packard and was co-founder and CTO of Virtusa Xlabs. Stephen holds an MBA, specialising in marketing innovative products and services. Stephen has a passion for building secure systems and protecting privacy, and writes extensively about security, privacy, and quantum technologies. He represents the UK as a subject matter expert on ISO tc307 blockchain and DLT systems.

Prof Liqun Chen joined the Department of Computer Science at the University of Surrey as Professor in Secure Systems in 2016. Prior to this appointment, she was a Principal Research Scientist at Hewlett Packard Laboratories in Bristol, UK, which she joined in 1997. Before that, she worked at Royal Holloway, University of London, and the University of Oxford. Her research interests include applied cryptography, trusted computing, and network security.

-ends-

About Arqit Limited:Arqit supplies a unique quantum encryption Platform-as-a-Service which secures the communications links of any networked device against current and future forms of attack even from a quantum computer. Arqits product, QuantumCloud, enables any device to download a lightweight software agent of less than 200 lines of code, which can create keys in partnership with any other device. The keys are, computationally secure, dont exist until the moment they are needed and can never be known to a third party. QuantumCloud can create limitless volumes of keys in limitless group sizes and can regulate the secure entrance and exit of a device in a group. The addressable market for QuantumCloud is every connected device. The release of QuantumCloudTM 1.0 will launch to the first cohort of customers in the second half of 2021, with $130M in contracts already committed*.

*As of release date

On May 12, 2021, Arqit entered into a definitive agreement to combine with Centricus Acquisition Corp (NASDAQ: CENHU, CENH, CENHUW), a special purpose acquisition company, which would result in Arqit becoming a publicly listed company on the NASDAQ Stock Market under the name Arqit Quantum Inc.

Additional InformationThis communication is being made in respect of the proposed transaction involving Arqit Limited (Arqit), Centricus Acquisition Corp. (Centricus) and Arqit Quantum Inc. (Pubco), a newly formed Cayman holding company. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. In connection with the proposed transaction, Pubco has filed with the Securities and Exchange Commission (SEC) a registration statement on Form F-4 that includes a proxy statement of Centricus in connection with Centricus solicitation of proxies for the vote by Centricus shareholders with respect to the proposed transaction and other matters as may be described in the registration statement. Pubco and Centricus also plan to file other documents with the SEC regarding the proposed transaction and a proxy statement/prospectus will be mailed to all holders of Centricus Class A ordinary shares. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE FORM F-4 AND THE PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED TRANSACTION AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. The proxy statement/prospectus, as well as other filings containing information about Arqit and Centricus will be available without charge at the SECs Internet site (http://www.sec.gov). Copies of the proxy statement/prospectus can also be obtained, when available, without charge, from Arqits website at http://www.arqit.uk, or by directing a request to: Centricus Acquisition Corp., PO Box 309, Ugland House, Grand Cayman, KY1- 1104, Cayman Islands.

Participants in the SolicitationsArqit, Centricus and certain of their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitation of proxies from Centricus shareholders in connection with the proposed transaction. Information about Centricus directors and executive officers and their ownership of Centricus securities will be set forth in the proxy statement/prospectus when available. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests will be included in the proxy statement/prospectus when it becomes available. Shareholders, potential investors and other interested persons should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above.

No Offer or SolicitationThis communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act, or an exemption therefrom.

Caution About Forward-Looking StatementsThis communication includes forward-looking statements. These forward-looking statements are based on Arqits and Centricuss expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond Arqits and Centricuss control. Forward-looking statements in this communication or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for Arqit and Centricus to predict these events or how they may affect Arqit and Centricus. Except as required by law, neither Arqit and Centricus has any duty to, and does not intend to, update or revise the forward-looking statements in this communication or elsewhere after the date this communication is issued. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur. Uncertainties and risk factors that could affect Arqits and Centricuss future performance and cause results to differ from the forward-looking statements in this release include, but are not limited to: (i) that the business combination may not be completed in a timely manner or at all, which may adversely affect the price of Centricus securities, (ii) the risk that the business combination may not be completed by Centricus business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by Centricus, (iii) the failure to satisfy the conditions to the consummation of the business combination, including the approval of the Business Combination Agreement by the shareholders of Centricus and the satisfaction of the minimum trust account amount following any redemptions by Centricus public shareholders, (iv) the lack of a thirdparty valuation in determining whether or not to pursue the business combination, (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the Business Combination Agreement, (vi) the effect of the announcement or pendency of the business combination on the Companys business relationships, operating results, and business generally, (vii) risks that the business combination disrupt current plans and operations of the Company, (viii) the outcome of any legal proceedings that may be instituted against the Company or against Centricus related to the Business Combination Agreement or the business combination, (ix) the ability to maintain the listing of Centricus securities on a national securities exchange, (x) changes in the competitive and regulated industries in which the Company operates, variations in operating performance across competitors, changes in laws and regulations affecting the Companys business and changes in the combined capital structure, (xi) the ability to implement business plans, forecasts, and other expectations after the completion of the business combination, and identify and realize additional opportunities, (xii) the potential inability of the Company to convert its pipeline or orders in backlog into revenue, (xiii) the potential inability of the Company to successfully deliver its operational technology which is still in development, (xiv) the potential delay of the commercial launch of the Companys products, (xv) the risk of interruption or failure of the Companys information technology and communications system and (xvi) the enforceability of the Companys intellectual property.

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Research by University of Surrey and Arqit reveals Quantum Threat to Digital Assets - Business Wire

Researchers have discovered new and more efficient computational methods to combine the reliability of classical computers with the strength of quantum systems.

This new computational method opens the door to a variety of algorithms and experiments that bring quantum researchers closer to discovering short-term applications and technologies.

In the future, quantum computers will be able to be used in a variety of applications, such as removing carbon dioxide from the atmosphere, developing artificial limbs, and designing more efficient medicines, said quantum computing research. A senior researcher at the institute, Christine Muschik (IQC) and a faculty member of physics and astronomy at the University of Waterloo.

The IQC research team, affiliated with the University of Insbrook, is the first team to propose a measurement-based approach with a regular computer-based feedback loop and invent new ways to tackle hard computing problems. These methods are resource efficient and customized for specific types of problems, allowing small quantum states to be used.

Hybrid computing, in which a regular computer processor and a quantum coprocessor are paired in a feedback loop, provides researchers with a more robust and flexible approach than trying to use a quantum computer alone.

Researchers are currently building hybrid computers based on quantum gates, but Muschiks research team was interested in quantum computation that could be performed without gates. They designed an algorithm that performs hybrid quantum classical computations by performing a series of measurements in intertwined quantum states.

The teams theoretical research is good news for quantum software developers and experimenters as it provides a new way of thinking about optimization algorithms. This algorithm provides high error tolerance, which is often a problem in quantum systems, and works in a wide range of quantum systems, including the photonic quantum coprocessor.

Hybrid computing is a new frontier in short-term quantum applications. By removing the reliance on quantum gates, Muschik and her team can remove the struggle with cumbersome and delicate resources and instead use intertwined quantum states to allow computers to adapt to the dataset. I believe we can design a feedback loop. I am studying in a more efficient way.

Quantum computers have the potential to solve problems that supercomputers cant solve, but theyre still experimental and fragile, Music said.

This project is funded by CIFAR.

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material Provided by University of Waterloo.. Note: The content can be edited in style and length.

Combining classical and quantum computing opens the door to new discoveries-ScienceDaily

Source link Combining classical and quantum computing opens the door to new discoveries-ScienceDaily

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Combining classical and quantum computing opens the door to new discoveries-ScienceDaily - Illinoisnewstoday.com