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Category Archives: Quantum Computing
Government of Canada Supports Xanadu to Accelerate Quantum Computing Research and Education – HPCwire
Posted: February 26, 2024 at 12:16 am
TORONTO, Feb. 23, 2024 Xanadu, a world leader in photonic quantum computing, received a repayable contribution from the Government of Canada, through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), to help companies advance and commercialize their quantum products.
This funding, through the Regional Quantum Initiative (RQI), will accelerate the development of PennyLane, Xanadus open-source, cloud-based software framework for quantum machine learning, quantum chemistry, and quantum computing.
Southern Ontario is well-positioned for quantum breakthroughs because we are home to world-leading research centers and high-potential quantum companies, like the ones we are celebrating today. Businesses in this sector are creating incredible technologies and our government is providing support so they can bring them to market faster, advancing Canadas role as a world leader in quantum technologies, said the Hon. Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario.
With todays announcement, our government is strengthening Canadas position in quantum technology and helping to boost economic growth and create good jobs for Canadians. Through these investments, we will continue to build this sector and support made-in-Canada technologies that will have a major impact on industries like computing, communications, security and health care, said Bryan May, Parliamentary Secretary to the Minister for Small Business and to the Minister responsible for FedDev Ontario.
Viable applications of quantum computers are contingent upon achieving fault-tolerant quantum computation (FTQC). Great strides have been made in the field, and to continue the development of quantum computing technologies and ensure FTQC is achieved, the future quantum workforce must be well-trained.
Since 2016, Xanadu has been on a mission to make quantum computers useful and available to people everywhere. One key for that mission is accessibility to top-tier quantum education that will help build the future quantum workforce. To support this goal, Xanadu has worked with numerous universities across Canada and the world to create custom educational programs and has established a dedicated quantum community team that runs educational events, creates free educational materials, and engages directly with the community.
As a budget commitment in 2021, the Government of Canada launched its National Quantum Strategy in January 2023, which is underpinned by three pillars: research, talent, and commercialization. FedDev Ontario is one of the regional development agencies focused on supporting high-potential quantum projects and scaling promising Canadian companies.
Through RQI, Xanadu is receiving a repayable investment of $3.75 million to accelerate its core quantum software, PennyLane. This funding will create 22 new quantum jobs, further strengthening Canadas quantum workforce. The objectives of this project include advancing the operating infrastructure to provide a broader cloud offering, as well as increasing community support and creating more user engagement materials.
We are thrilled to receive this FedDev Ontario support to advance our quantum technology, build a larger quantum community, and further strengthen Canadas position as a global quantum leader, said Christian Weedbrook, Xanadu Founder and CEO.
About Xanadu
Xanadu is a quantum computing company with the mission to build quantum computers that are useful and available to people everywhere. Founded in 2016, Xanadu has become one of the worlds leading quantum hardware and software companies. The company also leads the development of PennyLane, an open-source software library for quantum computing and application development.
Source: Xanadu
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U.S. weighs National Quantum Initiative Reauthorization Act – TechTarget
Posted: at 12:16 am
While artificial intelligence and semiconductors capture global attention, some U.S. policymakers want to ensure Congress doesn't fail to invest and stay competitive in other emerging technologies, including quantum computing.
Quantum computing regularly lands on the U.S. critical and emerging technologies list, which pinpoints technologies that could affect U.S. national security. Quantum computing -- an area of computer science that uses quantum physics to solve problems too complex for traditional computers -- not only affects U.S. national security, but intersects with other prominent technologies and industries, including AI, healthcare and communications.
The U.S. first funded quantum computing research and development in 2018 through the $1.2 billion National Quantum Initiative Act. It's something policymakers now want to continue through the National Quantum Initiative Reauthorization Act. Reps. Frank Lucas (R-Okla.) and Zoe Lofgren (D-Calif.) introduced the legislation in November 2023, and it has yet to pass the House despite having bipartisan support.
Continuing to invest in quantum computing R&D means staying competitive with other countries making similar investments to not only stay ahead of the latest advancements, but protect national security, said Isabel Al-Dhahir, principal analyst at GlobalData.
"Quantum computing's geopolitical weight and the risk a powerful quantum computer poses to current cybersecurity measures mean that not only the U.S., but also China, the EU, the U.K., India, Canada, Japan and Australia are investing heavily in the technology and are focused on building strong internal quantum ecosystems in the name of national security," she said.
Global competition in quantum computing will increase as the technology moves from theoretical to practical applications, Al-Dhahir said. Quantum computing has the potential to revolutionize areas such as drug development and cryptography.
Al-Dhahir said while China is investing $15 billion over the next five years in its quantum computing capabilities, the EU's Quantum Technologies Flagship program will provide $1.2 billion in funding over the next 10 years. To stay competitive, the U.S. needs to continue funding quantum computing R&D and studying practical applications for the technology.
"If reauthorization fails, it will damage the U.S.'s position in the global quantum race," she said.
Lofgren, who spoke during The Intersect: A Tech and Policy Summit earlier this month, said it's important to pass the National Quantum Initiative Reauthorization Act to "maintain our competitive edge." The legislation aims to move beyond scientific research and into practical applications of quantum computing, along with ensuring scientists have the necessary resources to accomplish those goals, she said.
Indeed, Sen. Marsha Blackburn (R-Tenn.) said during the summit that the National Quantum Initiative Act needs to be reauthorized for the U.S. to move forward. Blackburn, along with Sen. Ben Ray Lujn (D-N.M.), has also introduced the Quantum Sandbox for Near-Term Applications Act to advance commercialization of quantum computing.
The 2018 National Quantum Initiative Act served a "monumental" purpose in mandating agencies such as the National Science Foundation, NIST and the Department of Energy to study quantum computing and create a national strategy, said Joseph Keller, a visiting fellow at the Brookings Institution.
Though the private sector has made significant investments in quantum computing, Keller said the U.S. would not be a leader in quantum computing research without federal support, especially with goals to eventually commercialize the technology at scale. He said that's why it's pivotal for the U.S. to pass the National Quantum Initiative Reauthorization Act, even amid other congressional priorities such as AI.
"I don't think you see any progress forward without the passage of that legislation," Keller said.
Despite investment from numerous big tech companies, including Microsoft, Intel, IBM and Google, significant technical hurdles remain for the broad commercialization of quantum computing, Al-Dhahir said.
She said the quantum computing market faces issues such as overcoming high error rates -- for example, suppressing error rates requires "substantially higher" qubit counts than what is being achieved today. A qubit, short for quantum bit, is considered a basic unit of information in quantum computing.
IBM released the first quantum computer with more than 1,000 qubits in 2023. However, Al-Dhahir said more is needed to avoid high error rates in quantum computing.
"The consensus is that hundreds of thousands to millions of qubits are required for practical large-scale quantum computers," she said.
Indeed, industry is still trying to identify the economic proposition of quantum computing, and the government has a role to play in that, Brookings' Keller said.
"It doesn't really have these real-world applications, things you can hold and touch," he said. "But there are breakthroughs happening in science and industry."
Lofgren said she recognizes that quantum computing has yet to reach the stage of practical, commercial applications, but she hopes that legislation such as the National Quantum Initiative Reauthorization Act will help the U.S. advance quantum computing to that stage.
"Quantum computing is not quite there yet, although we are making tremendous strides," she said.
Makenzie Holland is a news writer covering big tech and federal regulation. Prior to joining TechTarget Editorial, she was a general reporter for the Wilmington StarNews and a crime and education reporter at the Wabash Plain Dealer.
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The Current State of Quantum Computing – Securities.io
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Superconducting qubit promises breakthrough in quantum computing – Advanced Science News
Posted: at 12:16 am
A radical superconducting qubit design promises to extend their runtime by addressing decoherence challenges in quantum computing.
A new qubit design based on superconductors could revolutionize quantum computing. By leveraging the distinct properties of single-atom-thick layers of materials, this new approach to superconducting circuits promises to significantly extend the runtime of a quantum computer, addressing a major challenge in the field.
This limitation on continuous operation time arises because the quantum state of a qubit the basic computing unit of a quantum computer can be easily destabilized due to interactions with its environment and other qubits. This destruction of the quantum state is called decoherence and leads to errors in computations.
Among the various types of qubits that scientists have created, including photons, trapped ions, and quantum dots, superconducting qubits are desirable because they can switch between different states in the shortest amount of time.
Their operation is based on the fact that, due to subtle quantum effects, the power of the electric current flowing through the superconductor can take discrete values, each corresponding to a state of 0 and/or 1 (or even larger values for some designs).
For superconducting qubits to work correctly, they require the presence of a gap in the superconducting circuit called a Josephson junction through which an electrical current flows through a quantum phenomenon called tunneling the passage of particles through a barrier that, according to the laws of classical physics, they should not be able to cross.
The problem is, the advantage of superconducting qubits in enhanced switching time comes at a cost: They are more susceptible to decoherence, which occurs in milliseconds, or even faster. To mitigate this issue, scientists typically resort to meticulous adjustments of circuit configurations and qubit placements with few net gains.
Addressing this challenge with a more radical approach, an international team of researchers proposed a novel Josephson junction design using two, single-atom-thick flakes of a superconducting copper-based material called a cuprate. They called their design flowermon.
In their study published in the Physical Review Letters, the team applied the fundamental laws of quantum mechanics to analyze the current flow through a Josephson junction and discovered that if the angle between the crystal lattices of two superconducting cuprate sheets is 45 degrees, the qubit exhibits more resilience to external disturbances compared to conventional designs based on materials like niobium and tantalum.
The flowermon modernizes the old idea of using unconventional superconductors for protected quantum circuits and combines it with new fabrication techniques and a new understanding of superconducting circuit coherence, Uri Vool, a physicist at the Max Planck Institute for Chemical Physics of Solids in Germany, explained in a press release.
The teams calculations suggest that the noise reduction promised by their design could increase the qubits coherence time by orders of magnitude, thereby enhancing the continuous operation of quantum computers. However, they view their research as just the beginning, envisioning future endeavors to further optimize superconducting qubits based on their findings.
The idea behind the flowermon can be extended in several directions: Searching for different superconductors or junctions yielding similar effects, exploring the possibility to realize novel quantum devices based on the flowermon, said Valentina Brosco, a researcher at the Institute for Complex Systems Consiglio Nazionale delle Ricerche and Physics Department University of Rome. These devices would combine the benefits of quantum materials and coherent quantum circuits or using the flowermon or related design to investigate the physics of complex superconducting heterostructures.
This is only the first simple concrete example of utilizing the inherent properties of a material to make a new quantum device, and we hope to build on it and find additional examples, eventually establishing a field of research that combines complex material physics with quantum devices, Vool added.
Since the teams study was purely theoretical, even the simplest heterostructure-based qubit design they proposed requires experimental validation a step that is currently underway.
Experimentally, there is still quite a lot of work towards implementing this proposal, concluded Vool. We are currently fabricating and measuring hybrid superconducting circuits which integrate these van der Waals superconductors, and hope to utilize these circuits to better understand the material, and eventually design and measure protected hybrid superconducting circuits to make them into real useful devices.
Reference: Uri Vool, et al., Superconducting Qubit Based on Twisted Cuprate Van der Waals Heterostructures, Physical Review Letters (2024). DOI: 10.1103/PhysRevLett.132.017003
Feature image credit: SuttleMedia on Pixabay
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Superconducting qubit promises breakthrough in quantum computing - Advanced Science News
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Quantum Computing Breakthrough: New Fusion of Materials Has All the Components Required for a Unique Type of … – SciTechDaily
Posted: at 12:16 am
Researchers at Penn State have introduced a groundbreaking material fusion that enables a new form of superconductivity, crucial for advancing quantum computing and exploring the theoretical chiral Majorana particles. Their study demonstrates how combining magnetic materials can lead to emergent superconductivity, marking a significant leap in creating chiral topological superconductors and potentially unlocking new avenues in quantum computing research.
A new fusion of materials, each with special electrical properties, has all the components required for a unique type of superconductivity that could provide the basis for more robust quantum computing. The new combination of materials, created by a team led by researchers at Penn State, could also provide a platform to explore physical behaviors similar to those of mysterious, theoretical particles known as chiral Majoranas, which could be another promising component for quantum computing.
The new study was recently published in the journal Science. The work describes how the researchers combined the two magnetic materials in what they called a critical step toward realizing the emergent interfacial superconductivity, which they are currently working toward.
Superconductors materials with no electrical resistance are widely used in digital circuits, the powerful magnets in magnetic resonance imaging (MRI) and particle accelerators, and other technology where maximizing the flow of electricity is crucial. When superconductors are combined with materials called magnetic topological insulators thin films only a few atoms thick that have been made magnetic and restrict the movement of electrons to their edges the novel electrical properties of each component work together to produce chiral topological superconductors. The topology, or specialized geometries and symmetries of matter, generates unique electrical phenomena in the superconductor, which could facilitate the construction of topological quantum computers.
Quantum computers have the potential to perform complex calculations in a fraction of the time it takes traditional computers because, unlike traditional computers which store data as a one or a zero, the quantum bits of quantum computers store data simultaneously in a range of possible states. Topological quantum computers further improve upon quantum computing by taking advantage of how electrical properties are organized to make the computers robust to decoherence, or the loss of information that happens when a quantum system is not perfectly isolated.
Creating chiral topological superconductors is an important step toward topological quantum computation that could be scaled up for broad use, said Cui-Zu Chang, Henry W. Knerr Early Career Professor and associate professor of physics at Penn State and co-corresponding author of the paper. Chiral topological superconductivity requires three ingredients: superconductivity, ferromagnetism, and a property called topological order. In this study, we produced a system with all three of these properties.
The researchers used a technique called molecular beam epitaxy to stack together a topological insulator that has been made magnetic and an iron chalcogenide (FeTe), a promising transition metal for harnessing superconductivity. The topological insulator is a ferromagnet a type of magnet whose electrons spin the same way while FeTe is an antiferromagnet, whose electrons spin in alternating directions. The researchers used a variety of imaging techniques and other methods to characterize the structure and electrical properties of the resulting combined material and confirmed the presence of all three critical components of chiral topological superconductivity at the interface between the materials.
Prior work in the field has focused on combining superconductors and nonmagnetic topological insulators. According to the researchers, adding in the ferromagnet has been particularly challenging.
Normally, superconductivity and ferromagnetism compete with each other, so it is rare to find robust superconductivity in a ferromagnetic material system, said Chao-Xing Liu, professor of physics at Penn State and co-corresponding author of the paper. But the superconductivity in this system is actually very robust against the ferromagnetism. You would need a very strong magnetic field to remove the superconductivity.
The research team is still exploring why superconductivity and ferromagnetism coexist in this system.
Its actually quite interesting because we have two magnetic materials that are non-superconducting, but we put them together and the interface between these two compounds produces very robust superconductivity, Chang said. Iron chalcogenide is antiferromagnetic, and we anticipate its antiferromagnetic property is weakened around the interface to give rise to the emergent superconductivity, but we need more experiments and theoretical work to verify if this is true and to clarify the superconducting mechanism.
The researchers said they believe this system will be useful in the search for material systems that exhibit similar behaviors as Majorana particles theoretical subatomic particles first hypothesized in 1937. Majorana particles act as their own antiparticle, a unique property that could potentially allow them to be used as quantum bits in quantum computers.
Providing experimental evidence for the existence of chiral Majorana will be a critical step in the creation of a topological quantum computer, Chang said. Our field has had a rocky past in trying to find these elusive particles, but we think this is a promising platform for exploring Majorana physics.
Reference: Interface-induced superconductivity in magnetic topological insulators by Hemian Yi, Yi-Fan Zhao, Ying-Ting Chan, Jiaqi Cai, Ruobing Mei, Xianxin Wu, Zi-Jie Yan, Ling-Jie Zhou, Ruoxi Zhang, Zihao Wang, Stephen Paolini, Run Xiao, Ke Wang, Anthony R. Richardella, John Singleton, Laurel E. Winter, Thomas Prokscha, Zaher Salman, Andreas Suter, Purnima P. Balakrishnan, Alexander J. Grutter, Moses H. W. Chan, Nitin Samarth, Xiaodong Xu, Weida Wu, Chao-Xing Liu and Cui-Zu Chang, 8 February 2024, Science. DOI: 10.1126/science.adk1270
In addition to Chang and Liu, the research team at Penn State at the time of the research included postdoctoral researcher Hemian Yi; graduate students Yi-Fan Zhao, Ruobing Mei, Zi-Jie Yan, Ling-Jie Zhou, Ruoxi Zhang, Zihao Wang, Stephen Paolini and Run Xiao; assistant research professors in the Materials Research Institute Ke Wang and Anthony Richardella; Evan Pugh University Professor Emeritus of Physics Moses Chan; and Verne M. Willaman Professor of Physics and Professor of Materials Science and Engineering Nitin Samarth. The research team also includes Ying-Ting Chan and Weida Wu at Rutgers University; Jiaqi Cai and Xiaodong Xu at the University of Washington; Xianxin Wu at the Chinese Academy of Sciences; John Singleton and Laurel Winter at the National High Magnetic Field Laboratory; Purnima Balakrishnan and Alexander Grutter at the National Institute of Standards and Technology; and Thomas Prokscha, Zaher Salman, and Andreas Suter at the Paul Scherrer Institute of Switzerland.
This research is supported by the U.S. Department of Energy. Additional support was provided by the U.S. National Science Foundation (NSF), the NSF-funded Materials Research Science and Engineering Center for Nanoscale Science at Penn State, the Army Research Office, the Air Force Office of Scientific Research, the state of Florida and the Gordon and Betty Moore Foundations EPiQS Initiative.
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3 Quantum Computing Stocks That Could Be Multibaggers in the Making: February Edition – InvestorPlace
Posted: at 12:16 am
The race for quantum computing dominance is on.
In fact,according to SDXCentral.com, the U.S. and China are neck and neck at the moment. The U.S. has already committed $3 billion in funding for quantum computing, with another $12 billion coming from the National Quantum Computing Initiative. China is committing about $15 billion over the next five years. This is all great news for quantum computing stocks.
Even the U.K., Canada, Israel, Australia, Japan, and the European Union are jumping into the quantum computing market. As the race picks up, the quantum computing market could grow from $928.8 million this year to more than $6.5 billion by 2030,as noted by Fortune Business Insights.
All of this could be a substantial catalyst for the following quantum computing stocks.
Source: Amin Van / Shutterstock.com
Earlier this month, IonQ (NYSE:IONQ), trading at $10.27, was highlighted.
While its up slightly at $10.87, give this one a good deal of patience. On Feb. 1, the company just boosted itsfull-year revenue guidanceto a range of $21.2 million to $22 million from its prior range of $18.9 million to $19.3 million. It also boosted its full-year bookings to a new range of $60 million to $63 million from a prior range of $49 million to $56 million.
Quantum computing has the potential to be a game changer it can help us create new drugs and fight disease, turbocharge clean energy alternatives, and improve food production,according toWashington State U.S. Senator Maria Cantwell, as quoted in a IONQ press release.
Further, IonQ just opened its firstquantum computing manufacturing facility in Washington.
The company inaugurated the first U.S.-based factory producing replicable quantum computers for client data centers, enhancing technology innovation and manufacturing in the Pacific Northwest. CEO Peter Chapman highlighted IonQs commitment to commercializing quantum computing,added Investorplace contributor Chris MacDonald.
Source: T. Schneider / Shutterstock
Recently reported, D-Wave Quantum(NYSE:QBTS) traded at 85 cents. Yet, after hitting a high of $2.08 on Feb. 15, its now back to $1.74 and is still a strong opportunity.
Forcing QBTS higher, the company said its1,200+ qubit Advantage2 prototypewas now available. Also, it partnered with industrialgenerative AI company Zapata AI. It will develop and market commercial applications, combining the power of generative AI and quantum computing technologies.In addition, it just announced that it andNEC Australiaare teaming to release two new quantum services in the Australian market.
Source: Bartlomiej K. Wroblewski / Shutterstock.com
Recently, Rigetti Computing(NASDAQ:RGTI) popped from about $1.20 to $1.69 a share on heavy volume. For example, last Friday, volume spiked to 19.24 million, as compared to daily average volume of 3.86 million shares.
Further, the company wasawarded a Small Business Research Initiative (SBRI)grantfrom Innovate UK and funded by the National Quantum Computing Centre(NQCC) to develop and deliver a quantum computer to the NQCC.
The proposed system will feature the hallmarks of Rigettis recently launched 84-qubit Ankaa-2 system, including tunable couplers and a square lattice, as noted in a company press release. This new chip architecture enables faster gate times, higher fidelity, and greater connectivity compared to Rigettis previous generations of quantum processing units (QPUs).
On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.
Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.
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DCD Podcast – The fundamentals of quantum computing, with Yuval Boger, QuEra – DCD – DatacenterDynamics
Posted: at 12:15 am
Over the years, several players have emerged in the quantum computing market, offering a variety of approaches to the technology.
From trapped ions to photonic or superconducting, these systems all show promise and all face significant challenges to becoming commercially viable.
In this Zero Downtime podcast episode, we are joined by Yuval Boger of QuEra, a neutral atom-based quantum computer company, to talk about the different types of quantum computers and the challenges in making them powerful and accurate enough for widespread adoption and deployment.
In addition, we talk about some of the uses that quantum computing may be more appropriate than traditional supercomputing.
We also discuss some of the practicalities of deploying quantum computers in data centers, with some such systems requiring powerful cooling systems.
So, which type of quantum computer will win out in the end?
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Illinois governor’s proposed $53B budget includes funds for migrants, quantum computing and schools – The Associated Press
Posted: at 12:15 am
Illinois governor's proposed $53B budget includes funds for migrants, quantum computing and schools  The Associated Press
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How is Quantum Technology Developing in Ireland? A Conversation with John Durcan, IDA Ireland – AZoQuantum
Posted: at 12:15 am
In a new and exciting interview feature, AZoQuantum discusses the quantum race in Ireland with IDA Ireland Chief Technologist John Durcan. Welook at how research and development is being spurred within the region as well as John's ambitions and predictions for the future.
My name is John Durcan, and in my role as Chief Technologist in the Technology division for IDA Ireland, I work with many of the global technology companies, exploring new opportunities for R&D in Ireland and working to enhance industry and academic collaboration in new areas of research. My own background is in the area of Computer Science, and currently, my four key technology areas of focus are Machine Learning (ML)/Artificial Intelligence (AI), Semiconductors, Quantum computing and Cyber Security.
I am very much passionate about the latest trends in the technology landscape and quantum computing is poised to be one of the biggest trends at the moment, with new tools and developments emerging at pace.
Yes, there has certainly been significant progress in the field of quantum computing in recent years, particularly with hardware and algorithms. For example, in 2019, Google claimed to have achieved Quantum Supremacy by performing a computation that would normally take classical supercomputers thousands of years to complete. This was a major milestone that demonstrated the potential of quantum computers to outperform classical counterparts for specific tasks.
We are also seeing major technology companies and research institutions developing quantum processors with an increasing number of qubits, which is enhancing their capabilities. Late last year, IBM took the record for the largest quantum computing system witha processor that contained 433 qubits, and they announced a roadmap to build an error-corrected quantum computer by 2030.
Additionally, we have also seen advancements when it comes to quantum networks that hold the promise of unhackable communication and distributed quantum computing. In particular, were seeing the progression of quantum communication due to the development of Quantum Key Distribution (QKD) protocols, which will enable the secure transmission of information and programs such as the EuroQCI (European Quantum Communication Infrastructure), which Ireland is involved in.
This gives access to industry and academia for R&D, thus providing great new opportunities for any company looking to access such a resource.
There has recently been a surge in research and development in quantum computing primarily because it offers the potential to solve complex problems that are currently beyond the capabilities of classical computers. This opens a world of new opportunities across all sectors of the industry.
As a result of this potential, we are witnessing breakthroughs in fields such as Cryptography, drug discovery, material science and optimisation. Operating on the principles of quantum mechanics, this technology utilises qubits to execute computations at unprecedented speeds.
Image Credit:solarseven/Shutterstock.com
Nevertheless, the global landscape of quantum computing is continuing to evolve in several countries including Ireland, which is positioning itself to build on the successful tech sector here. For example, in the startup world, we have a company called Equal 1 developing groundbreaking quantum silicon that integrates entire quantum computing systems onto a single chip and on the FDI side, Horizon Quantum Computing opened their first European office in Dublin with the focus on developing the software tools for the world of quantum computing.
Government-funded research groups are vital in the development of quantum computing, particularly in Ireland, which continues to enhance its position in quantum computing research and development. In November 2023, the Irish Government published a national strategy for quantum research.
The report Quantum 2030 A National Quantum Technologies Strategy for Ireland found that nine of the top ten global software companies and three of the top four internet companies have significant operations in Ireland. The report describes Ireland as being ideally situated to capitalise on quantum for industry, noting the potential for quantum technologies in computing, communication, simulation, and sensing.
The country boasts several research institutions, including Trinity College Dublin, which hosts the Centre for Quantum Engineering and Science. Theres also the Trinity Quantum Alliance (TQA) which was launched in 2023. The TQA is a collaboration with Trinity, Microsoft, IBM, Horizon Quantum Computing, Algorithmiq and Moodys Analytics; that brings together experts from research and industry for innovative projects in quantum science and technology, simulation, education, and computation.
The TQA is the catalyst for investment in quantum technology in Ireland with the ultimate goal to construct a vibrant ecosystem to the benefit of various industry sectors and it is already bringing in results. A great example of this involves Trinitys quantum physicists' collaboration with IBM Dublin, who have successfully simulated super diffusion in a system of interacting quantum particles on a quantum computer, which is the first step in doing highly challenging quantum transport calculations on quantum hardware.
Additionally, Ireland's Walton Institute, is also a hub for quantum research and innovation, also plays a pivotal role in the country's quantum leadership as it fosters quantum advancements.
Id say that the fintech sector will experience the most impact. Ireland has an opportunity to build on the deep technical expertise built up over the years. For example, we have Mastercard with their only European Tech Hub based in Ireland, who are partnering with corporate and academic players in Ireland and around the globe to explore quantum computing applications in financial and payment use cases. Fidelity Investments Ireland has built a quantum team in their Fidelity Center for Applied Technology lab in Dublin, a blue skies research lab that looks at future emerging technologies with a 510-year ROI timeframe.
We are starting to see collaborations across sectors such as IBM Research Europe Dublin and Mastercard Ireland working on a quantum subgraph isomorphism algorithm that could distinguish between money laundering schemes and legitimate business enterprises.
The life sciences industry is another sector that will most benefit from quantum. Currently, there is the idea that quantum will be able to help find new chemical compounds. The reason why quantum is wanted for this is because chemical compounds are quite complex when they are being built, and the complexities increase as the compounds grow. It would take months or years for a classical computer to monitor this process, compared to quantum, which should be able to do this in a much shorter period of time. We're starting to see this in drug discovery as well, with most recently seeing AI being used to help source new antibiotics.
The industry is also looking at the opportunities for quantum to help in material sciences, as it could be very relevant to the semiconductor sector. Theres a possibility that quantum can help look at these new materials for engineering, which in turn will help with superconductivity that is related to the high transfer of energy with lower energy loss.
Despite the remarkable advancements, quantum computing faces substantial challenges. Quantum states are delicate and easily disrupted by their environment, which can lead to errors. To help eradicate this, error correction codes and quantum error correction techniques, such as surface codes and topological qubits, are being developed to mitigate the impact of errors and increase the reliability of quantum computations.
Additionally, quantum systems exhibit interference phenomena, where qubits' superpositions interfere destructively or constructively, affecting computation outcomes. However, techniques to control and mitigate interference are currently being explored.
Regional Spotlight: The Quantum Race in Ireland
The development of quantum computing and the maintenance involved is costly, which is why research efforts also include how hardware costs can be reduced and resource allocation optimised. Also, building large-scale, fault-tolerant quantum computers is a significant challenge. To help overcome this challenge, quantum annealing, and trapped ion technologies are being explored to create scalable quantum architectures.
Quantum computing requires a specialised skill set. According to the World Economic Forum, more than half of quantum companies are currently hiring and they struggle to find people with the right skill set. Most current jobs are highly technical, and the only people trained in the field of quantum technologies are highly academic.
Educational programs and partnerships between academia and industry in countries like Ireland are helping to address the shortage of quantum experts. Currently, the IBM fellowship program in Ireland is aiming to achieve PhD status as this level of education is needed due to quantum still being relatively new. Technology Ireland ICT Skillnet, which works with industry to develop skills of the future, has developed two programs:
The most important factor in being able to accelerate the expansion of the current talent base is ensuring that the PhD programs are aimed at encouraging Physics students to move into the world of quantum and showing them that there is an academic path to follow, whilst increasing the number of sponsored PhD quantum research programs which I can see happening over the next couple of years. This should give enough time for degree and masters physics programs to start incorporating quantum.
One of the challenges with getting people to take up quantum computing is to do with the case of classical IT, data, and computer coding which all pay well and are much easier to get into, but it also creates an opportunity here in Ireland. Currently, the Software Development in Ireland industry is valued at 61.4bn and is ranked 2nd in the EU with 33,000+ Software Developers. If one started with just a 1% conversion through targeted programmes, this could give the potential of 300+ Quantum Software engineers to get involved from an early stage and help demonstrate the potential for industry use cases.
Quantum computing holds tremendous promise for solving complex problems and transforming various industries. As the field continues to advance, addressing challenges related to error correction, scalability, and workforce development will be essential.
I would say Ireland has a great opportunity to build on its strengths in technology, Fintech and Life science which are all key areas of interest for Quantum. We can for example, lead opportunities for collaboration across Europe by leveraging growing funding supports out of the EU, such as Horizon Europe and the Quantum Flagship.
When one looks at opportunities for new business, the European Scaleup Institute found Ireland has the highest concentration of High-Growth Firms (HGFs) and hypergrowers (in proportion to overall companies in the country), so perhaps we could see some of these in the world of quantum. It is an exciting time ahead.
More information is available at https://www.idaireland.com/.
John Durcan is Chief Technologist at IDA Ireland, the national investment development agency for Ireland.IDA Ireland partners with companies worldwide to provide financial assistance, on-the-ground support and advice to help them establish and transform their operations in Ireland.Durcans current key focus areas are artificial intelligence (AI), quantum computing, cyber security and the semiconductor sector. Please connect with him at[emailprotected]orwww.idaireland.com.
Disclaimer: The views expressed here are those of the interviewee and do not necessarily represent the views of AZoM.com Limited (T/A) AZoNetwork, the owner and operator of this website. This disclaimer forms part of the Terms and Conditions of use of this website.
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