Category Archives: Quantum Computing

Survey shows a wide range of skills and educational levels needed to support a diversity of jobs

ARLINGTON, Va., Sept. 28, 2021 /PRNewswire/ -- The Quantum Economic Development Consortium (QED-C) recently released an assessment based on a survey of U.S. quantum businesses outlining the diversity of jobs in the quantum industry requiring various skills and education levels. The study provides guidance to educators, policy makers and students to help grow a quantum-ready workforce. The analysis identified skills, several of which are not quantum-specific, relevant for multiple jobs.

"This study provides timely insight into the wide variety of jobs required to support the emerging quantum industry. The study results will help the U.S. grow a quantum workforce with the relevant skills," said Corey Stambaugh with the National Quantum Coordination Office in the White House Office of Science and Technology Policy.

The paper includes recommendations for educators preparing students for the quantum industry and advises those developing new degree programs should provide both quantum-specific and general science, technology, engineering and mathematics (STEM) courses. It also guides educators to consider adding broad quantum courses for students pursuing non-quantum degree programs, equipping them for multiple quantum-related roles.

The report acknowledges business skills will become increasingly important as the industry continues its progress from research to commercialization and suggests universities seek ways to prepare students for roles in sales and marketing.

"The QED-C workforce study highlights the opportunities and challenges for employers and prospective students for the quantum industry. The study also provides guidance to policy makers and educators on how best to prepare the future quantum workforce," said Alan Ho, Google Quantum AI product manager and QED-C steering committee member.

Information gathered from 57 QED-C member companies detailed specific work roles expected to be filled in the next five years and for each role, the associated skills and degrees required. Respondents were representative of the entire quantum supply chain, including hardware and software developers, component suppliers and end users.

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An assessment by QED-C and Hyperion Research forecasted the quantum computing industry could grow to $830 million by 2024 with an estimated compound annual growth rate of 27 percent. Such growth in quantum computing and other areas of application requires thousands of additional scientists, engineers, technicians and other employees to fill the variety of jobs, including those identified in the new survey. Skills sought by the employers surveyed include quantum algorithm development, circuit design, systems architecture, and technical sales and marketing. The preferred degree varies by job categoryfrom PhD to associate degree.

Growing the quantum workforce has been identified as an enabling factor to ensure the industry's success. The new report reveals the breadth of jobs and skills needed and can aid both educators and students to prepare for careers in this emerging field.

About Quantum Economic Development Consortium The Quantum Economic Development Consortium (QED-C) is an industry-driven consortium managed by SRI International and established in response to the 2018 National Quantum Initiative Act. Membership includes more than 120 US companies from across the supply chain and more than 40 academic institutions and other stakeholders. The consortium seeks to enable and grow the quantum industry and associated supply chain. For more about QED-C, visit quantumconsortium.org and follow us on Twitter @The_QEDC.

ContactCelia MerzbacherQED-C Executive Director319822@email4pr.com

Media Contact:Shannon Blood(949)-777-2428319822@email4pr.com

Amanda TomasettiSRI International319822@email4pr.com

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Job Hunting? The Quantum Industry is Hiring for Diverse Positions: New Assessment by the Quantum Economic Development Consortium Shows Many...

The CIO of Big Blue discusses the importance of AI and hybrid cloud, along with emerging tech such as quantum computing and cryptography.

Kathryn Guarini is the CIO of multinational tech giant IBM. Big Blue has been switching its focus to AI and cloud services in recent months, following the news that it is set to undergo a major restructuring.

Guarini and her team are responsible for developing, deploying and transforming the companys internal IT including hardware, software and services across more than 170 countries.

Her tenure at IBM spans more than two decades. Prior to being named CIO earlier this year, she was COO of IBM Research and vice-president for Impact Science, a research team within IBM that sought to apply deep technical expertise to the most pressing global challenges facing society while advancing the underlying science.

Guarini told Siliconrepublic.com that her CIO team supports every part of the business including digital workplace services, as well as thousands of business applications used by professionals in HR, sales, marketing, finance and more.

The recent rise in sophisticated cyberattacks requires us to take innovative approaches to secure the enterprise KATHRYN GUARINI

There are many major IT initiatives that we are focused on at IBM. Let me highlight three here.

First, Kyndryl. My team is playing a key role in supporting the separation of IBMs managed infrastructure business into an independent market-leading company called Kyndryl. IT plays a critical role in ensuring Kyndryl is set up for success with robust and secure infrastructure and applications, segmented to protect data and configured to run each business.

Second, hybrid cloud. We are adopting hybrid cloud at scale in IBM. That means we are moving IBMs internal IT workload from legacy data centres into public and private cloud environments to get the benefits of hybrid cloud from faster deployments to better availability to improved sustainability. Hybrid cloud offers a unified experience with end-to-end security and observability, harnessing the power of the open community.

Third, AI. AI is critical for business agility, resilience and growth. We are applying AI to automate business processes, modernise applications, predict outcomes and secure everything. As one example, we have applied AI to personalise and automate the IT support experience for IBMers, with AI-powered voice response, chat and search that improve the user experience.

Our CIO team is made up of more than 10,000 IBMers with a wide range of technical skills and expertise required to architect, develop, modernise and run IBMs internal IT systems. Our global team is organised into empowered agile squads doing iterative development in support of specific business solutions.

We partner with IBMs businesses, who simultaneously serve as stakeholders for our IT delivery and providers of differentiating technology and services that we adopt on behalf of IBM.

We recognise that building, fostering and advancing a pipeline of diverse talent is key to our long-term success. Weve made focused investments in critical skills that enable transformation, including software development, design, AI, automation, cloud computing, cybersecurity and software-defined networking.

We also have domain expertise in areas like human resources, sales, marketing and finance to help us better serve the IBM company and improve the employee experience.

Like most enterprises, IBM is on its own digital transformation journey, leveraging technologies like hybrid cloud and AI to unlock new business value and accelerate innovation. Hybrid cloud is the foundation of our cognitive enterprise. AI helps make better decisions, automate tasks, streamline processes and enable self-service across the enterprise.

Our CIO team is responsible for modernising our infrastructure and application environment and redesigning our business architecture into end-to-end intelligent workflows.

For example, we have transformed IBMs sales processes, launching a new solution that offers simplification and insight. The solution involved consolidating more than 160 different sales tools into one scalable, global platform to optimise IBMs relationship with our customers.

In another example, we transformed IBMs global client support process, providing improved experience, operational efficiency and AI-driven insights.

Ive already talked about how hybrid cloud and AI are hugely important technologies today to drive business transformation. Were using both to enable intelligent operations, modernise applications and automate insights.

Whats next? Quantum computing will become an important part of the IT landscape, offering competitive advantage to those who can capitalise on the unique capabilities of this new computing paradigm.

Quantum is maturing quickly, with rapid advances in the technology, software ecosystem and use cases across industries. Along with quantum computing comes advanced quantum-safe cryptography solutions that enable encryption that even large-scale fault tolerant quantum computers cant crack.

Theres a tremendous amount of technology innovation happening here that promises to have outsized impact on our industry and the world.

Cybersecurity is a business imperative and the recent rise in sophisticated cyberattacks requires us to take innovative approaches to secure the enterprise.

We have adopted a zero-trust framework, which includes advanced identity protection, vulnerability management and threat detection.

We are adopting security-by-design approaches in the development of our IT solutions to ensure they are foundationally secure against growing threats. And we are adopting IBMs confidential computing technologies to protect sensitive data at all times.

Dont miss out on the knowledge you need to succeed. Sign up for theDaily Brief, Silicon Republics digest of need-to-know sci-tech news.

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IBM CIO: 'Quantum computing will be important in the IT landscape' - Siliconrepublic.com

The system will let researchers perform calculations and solve problems that current supercomputers cannot handle.

Henrik5000/iStock.com

Backed by a multi-million-dollar federal grant, a research team from three major universities will soon start working on a pioneering supercomputing system that allows scientists and engineers to align its processors, accelerators, memory and other hardware components to best serve their needs.

This innovative system will operate increasingly complex levels of software while sidestepping the hardware bottlenecks that often hinder high-level computations. This system will let researchers perform calculations and solve problems that current supercomputers cannot handle.

On Oct. 1, 2021, researchers from Texas A&M University, the University of Illinois Urbana-Champaign (UIUC) and the Texas Advanced Computing Center (TACC) at The University of Texas at Austin (UT Austin) will begin collaborating on a prototype for what they call the Accelerating Computing for Emerging Sciences (ACES) system.

The National Science Foundation (NSF) will provide $5 million for ACESs development and an additional $1 million per year over five years to pay for system operation and support.

Texas A&M Interim Vice President for Research Jack Baldaulf expressed gratitude to the NSF for its substantial investment in the ACES project. We are thankful to NSF for the opportunity to lead such an important initiative and to our Texas A&M HPRC staff and collaborators at UT Austin and UIUC for making this a successful effort, Baldauf said. Computational science is critical to our national needs and the ACES platform will not only advance research but also help educate the future workforce in this area.

The teams goal is to develop an all-inclusive system that will serve researchers across a wide range of scholarly disciplines and computer skills, according to Honggao Liu, executive director of Texas A&Ms High Performance Research Computing (HPRC) and the projects principal investigator.

These disciplines include artificial intelligence and machine learning, cybersecurity, health population informatics, genomics and bioinformatics, human and agricultural life sciences, oil-and-gas simulations, new-materials design, climate modeling, molecular dynamics, quantum-computing architectures, imaging, smart and connected societies, geosciences and quantum chemistry.

The ACES system will support the national research community through coordination systems supported by the NSF, Liu said. In this way, the ACES system will provide invaluable support to cutting-edge projects across a broad spectrum of research disciplines in the nation. ACES will also leverage HPRCs efforts that promote science and broaden participation in computing at the K-12, collegiate and professional levels to have a transformative impact nationally by focusing on training, education and outreach.

Researchers should think of ACES as a cyber-buffet, said Timothy M. Cockerill, director of user services, TACC at UT Austin, and a co-principal investigator on the ACES project. Theyll be able to essentially build the custom environment they require on a per job basis and not be constrained to the contents of a physical server node, Cockerill said.

ACES will open new avenues to scientific advancement, said Shaowen Wang, head of the Department of Geography and Geographic Information Science, professor at UIUC and a co-principal investigator on the ACES project. Exciting advances on many science frontiers will become possible by harnessing the hybrid computing resources and highly adaptable framework offered byACESto enable increasingly complex scientific workflows driven by geospatial big data and artificial intelligence, Wang said.

Also serving as co-principal investigators are Lisa M. Perez, associate director for advanced computing enablement, and Dhruva Chakravorty, associate director for user services and research, both from HPRC at Texas A&M.

Research that generates breakthrough discoveries will require highly advanced computer designs that can meet the challenge, Texas A&M Senior Associate Vice President for Research Costas N. Georghiades said. With the increasing complexity of computational problems in the big-data era we live in, it is no longer sufficient to use traditional supercomputers which rely only on optimizing the software, Georghiades said. The ACES system will also be able to adapt hardware resources on the fly to tackle complex computational tasks more efficiently. Texas A&M is proud to lead this effort in collaboration with our university partners at UT Austin and Illinois.

Technical description

ACES leverages an innovative composable framework via PCIe (Peripheral Component Interconnect Express) Gen5 on Intels upcoming Sapphire Rapid (SPR) processors to offer a rich accelerator testbed consisting of Intel Ponte Vecchio (PVC) GPUs (Graphics Processing Units), Intel FPGAs (Field Programmable Gate Arrays), NEC Vector Engines, NextSilicon co-processors and Graphcore IPUs (Intelligence Processing Units).

The accelerators are coupled with Intel Optane memory and DDN Lustre storage interconnected with Mellanox NDR 400Gbps InfiniBand to support workflows that benefit from optimized devices. ACES will allow applications and workflows to dynamically integrate the different accelerators, memory and in-network computing protocols to glean new insights by rapidly processing large volumes of data and provide researchers with a unique platform to produce complex hybrid programming models for effectively supporting calculations that were not feasible before.

About Research at Texas A&M University: As one of the worlds leading research institutions, Texas A&M is at the forefront in making significant contributions to scholarship and discovery, including science and technology. Research conducted at Texas A&M generated annual expenditures of more than $1.131 billion in fiscal year 2020. Texas A&M ranked in the top 25 of the most recent National Science Foundation Higher Education Research and Development survey based on expenditures of more than $952 million in fiscal year 2019. Texas A&Ms research creates new knowledge that provides basic, fundamental, and applied contributions resulting in economic benefits to the state, nation, and world. research.tamu.edu

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Trailblazing Supercomputer Will Enable Scientists And Engineers To Optimize Its Hardware To Support Groundbreaking Research - Texas A&M University...

As the global quantum computing market is forecast to reach over EUR 50 billion by 2030, Finnish companies have started cooperation to capture the business opportunities emerging from advances in quantum technologies.

OP Financial Group, Accenture, CSC IT Center for Science, and globally recognized quantum technology companies Bluefors and IQM are the first to join BusinessQ, a VTT-coordinated network to support businesses in the adoption and development of quantum technologies and solutions. The companies will work together to build a business roadmap for Finland around the opportunities of quantum technologies.

Bringing together companies and organisations with quantum expertise, as well as potential end-users, BusinessQ works to position Finnish businesses to the global forefront of adapting new quantum-enabled technologies.

Developments in quantum technologies will create new opportunities for Finnish companies. At VTT, we have decades of experience in turning emerging technologies into viable business, and now we want to foster an active community and support Finnish industries and society in capturing the benefits of quantum technologies early on, says VTTsErja Turunen, Executive Vice President, Digital technologies.

BusinessQ wants to grow and attract new companies from different industries to join the network. Cooperation and dialogue can benefit both companies and the quantum research community as it provides a better understanding of the different industry challenges that quantum-based technologies could tackle in the future.

Discussions with our first BusinessQ partners have shown that Finnish businesses have curiosity, ambition, and an open approach to quantum technologies. We are eager to welcome more companies from different industries and want to build an active business community around the opportunities of quantum technologies,explainsHimadri MajumdarManager of Quantum Programmes at VTT.

Finland also has an active research community that fosters innovation around quantum technologies. In April 2021, Aalto University, Helsinki University, and VTT announced InstituteQ: The Finnish Quantum Institute aims at raising the readiness of Finnish society for the disruptive potential and implications quantum technologies will have for society and the economy at large. In this context, it coordinates operations that foster collaboration in research, education, innovation and infrastructure in the field of quantum technologies. BusinessQs activities share the mission of InstituteQ in strengthening Finlands growing quantum ecosystem. VTT also hosts Finlands first quantum computer that is being built in Espoo in partnership with IQM.

This article was first published on September 22 by CSC.

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CSC-IT: Finnish businesses start cooperation to capture the benefits of quantum technologies - Science Business

IonQ

This week, IonQ, Inc. (IonQ) announced the research results for two separate finance-related quantum research projects. The announcement coveredone with Fidelity Center for Applied Technology, and one with Goldman Sachs and QC Ware.

While classical computers use bits for computation, quantum computers use quantum bits or qubits. IonQ uses ion qubits created using precision lasers to remove an outer electron from an atom of ytterbium. IonQ has plans to evolve its existing architecture to a more advanced version sometime in the future. The power of its new hardware was demonstrated in the Goldman Sachs and QC-Ware research below. Moor Insights & Strategy previously wrote about IonQs evolution to its new architecturehere.

Even though the finance industry is computationally intensive, applications containing large numbers of variables are too complex to perform on classical computers. Eventually, solutions for classically intractable problems will become available using quantum computers. Most experts believe it will likely take another five to seven years before todays quantum machines have enough power to move from experimental prototypes to production environments.

When that happens, financial institutions will begin to use quantum computers for everything from pricing to option derivatives to risk management to liquidity coverage. Even though that is still a few years away, most major finance companies have already begun to staff quantum computing research departments.

Here is a summary of IonQs recent announcements:

IonQ and Fidelity Center for Applied Technology (FCAT)

FCAT

FCAT and IonQ researchers used IonQ's cloud-based quantum computer to develop a quantum machine learning (QML) proof of concept that achieved far better results than previous research.It's important to note that this research also demonstrated that quantum computers can outperform classical computers for limited price correlation analysis in the finance industry. Technical details of the study are availablehere.

Historical data is heavily used for training and analysis in today's financial models. For the output to be correct and free from bias, the training data must accurately reflect the characteristics of the modeled scenario.A standard testing process called "backtesting" uses data separate from the training data but believed to be similar can determine if a model produces accurate results.However, backtesting is often insufficient because it is challenging to obtain test data that accurately depicts all the market scenarios represented in an extensive training dataset.

The FCAT-IonQ team built a quantum AI model that created a new and more accurate set of synthetic data to obtain accurate data for backtesting. The synthetic data was created from samples of the same data used to train the model. This procedure is much like the uncanny ability of AI models trained on facial images to create new and authentic faces that look identical to real people.

Instead of facial images, the IonQ and FCAT teams modeled numerical relationships contained in the daily returns of Apple and Microsoft stock from 2010 to 2018. Two quantum machine learning algorithms used this data to produce a highly accurate synthetic data set for backtesting.

A few considerations:

IonQ, Goldman Sachs, and QC-Ware

IonQ

Using IonQ's newest quantum computing hardware, Goldman Sachs and QC-Ware teamed up to push quantum boundaries beyond previous research. The team demonstrated a quantum algorithm developed by QC-Ware for Monte Carlo simulations on IonQ's recently announced quantum processing unit (QPU), Evaporated Glass Trap. Applications of quantum Monte Carlo methods to problems in computational finance have been the subject of several previous research papers. That research involved applying quantum Monte Carlo to specific financial problems such as pricing simple options and credit risk calculations.

According to IonQ, its new QPU has an order of magnitude better fidelity and better throughput than its current generation of quantum processors. In its press release, Peter Chapman, CEO and President of IonQ, emphasized the importance of using a combination of state-of-the-art hardware and best-in-class quantum algorithms.

In the published results, the quantum researchers also attributed the projects success to the high fidelity of IonQ's quantum hardware. The researchers also stated that similar experiments were attempted using other quantum hardware available on the cloud but obtained "considerably worse results."

Quantum computers are expected to not only have a major impact for Monte Carlo simulations, but in other areas of science and engineering as well. Monte Carlo simulations demonstrated by this research are especially important to finance in the areas of risk and derivative pricing for such things as options.Some estimates size the derivatives market to be worth over one quadrillion dollars. Monte Carlo simulations are usually run on classical computers and require the algorithm to be run a number of times to obtain an estimated answer with acceptable precision. When large fault-tolerant quantum computers become available, it will significantly reduce the amount of time needed to obtain solutions for complicated Monte Carlo problems containing a large number of variables. The precision of estimated answers can be improved by increasing the number of samples. For example, to increase a classical computer's answer precision by one order of magnitude requires increasing sampling by 100X.For an equivalent accuracy, a quantum computer would only require a sampling increase of 10X.In finance, time is an important commodity. A few seconds in a large, fast-moving market such as stocks and options can mean the difference between a profit or a loss.

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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IonQ Unveils The Power Of Its Next-Generation Quantum Computer Along With Quantum Finance Announcements - Forbes

Brings Extensive Track Record of Successfully Commercializing Innovative Technology

LEESBURG, Va., Sept. 23, 2021 (GLOBE NEWSWIRE) -- Quantum Computing Inc. (the company or QCI) (Nasdaq: QUBT), a leader in bridging the power of classical and quantum computing, has appointed renowned business and technology leader William J. McGann, Ph.D., to serve on the companys board of directors.

McGann brings over 30 years of executive leadership, technology, and science experience, strengthened by an underlying passion for turning emerging technology into practical solutions for solving some of the worlds greatest challenges. Throughout his career, he has contributed to the advancement of research and technology development and has authored over 70 research proposals for the U.S. government, dozens of scientific publications, and 26 patents in the areas of nuclear, chemical and biological detection technologies.

I am pleased and genuinely excited to be given the opportunity to sit on the Board of Directors at Quantum Computing, Inc. said McGann. The development and application of quantum-based models and methodologies to solve the worlds most complex, classical problems provides a tremendous opportunity for the talented, focused and energized team at QCI. I am looking forward to supporting the business in its critical mission to provide powerful and quantum-ready software business solutions to the world.

Since 2019, McGann has served as the Chief Technology Officer for the Security, Detection and Automation business at Leidos Corp., a civil, defense, health, and intelligence innovator. In this role, he is focused on the creation of innovative customer solutions driven by a strong portfolio of physics, chemistry and software-based products. He is responsible for leading innovation and technology development across the aviation and ports and borders market segments, as well as driving an externally focused business strategy with global markets.

In addition to his business responsibilities at Leidos, McGann also serves the company as a Technology Fellow. In this role, his passions align with the companys mission, which is centered on delivering leading edge technology capabilities and solutions.

With quantum computing poised to revolutionize a number of industries, the QCI team is incredibly fortunate to have someone of Bills caliber on the board of directors, said Robert Liscouski, chairman, president, and CEO of QCI. We are eager to leverage his tremendous track record to guide us in applying the power of quantum computing to deliver practical solutions to critical business problems.

Bill and I have worked together in the past, and frankly, he is a guy that knows how to get things done, Liscouski added.

Over the course of his professional career, McGann has held numerous business and technology leadership positions, including founder of the first explosives trace detection company, Ion Track Instruments; CTO for GE Security; VP of engineering for United Technologies Fire and Security business; CEO and board member of Implant Sciences Corp.; and CTO at L3Harris Technologies, Security and Detection Systems Division.

McGann received his Ph.D. in Chemical Physics from University of Connecticut and holds undergraduate degrees in both Chemistry and Biology.

About Quantum Computing Inc.Quantum Computing Inc. (QCI) (Nasdaq: QUBT) is focused on accelerating the value of quantum computing for real-world business solutions. The companys flagship product, Qatalyst, is the first software to bridge the power of classical and quantum computing, hiding complexity and empowering SMEs to solve complex computational problems today. QCIs expert team in finance, computing, security, mathematics and physics has over a century of experience with complex technologies; from leading edge supercomputing innovations, to massively parallel programming, to the security that protects nations. Connect with QCI on LinkedIn and @QciQuantum on Twitter. For more information about QCI, visit http://www.quantumcomputinginc.com.

Important Cautions Regarding Forward-Looking StatementsThis press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. Those statements include statements regarding the intent, belief or current expectations of Quantum Computing (Company), and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.

The Company undertakes no obligation to update or revise forward-looking statements to reflect changed conditions. Statements in this press release that are not descriptions of historical facts are forward-looking statements relating to future events, and as such all forward-looking statements are made pursuant to the Securities Litigation Reform Act of 1995. Statements may contain certain forward-looking statements pertaining to future anticipated or projected plans, performance and developments, as well as other statements relating to future operations and results. Any statements in this press release that are not statements of historical fact may be considered to be forward-looking statements. Words such as may, will, expect, believe, anticipate, estimate, intends, goal, objective, seek, attempt, aim to, or variations of these or similar words, identify forward-looking statements. These risks and uncertainties include, but are not limited to, those described in Item 1A in the Companys Annual Report on Form 10-K, which is expressly incorporated herein by reference, and other factors as may periodically be described in the Companys filings with the SEC.

Qatalyst is the trademark of Quantum Computing Inc. All other trademarks are the property of their respective owners.

Company Contact:Robert Liscouski, CEOQuantum Computing, Inc.+1 (703) 436-2161Email Contact

Investor Relations Contact:Ron Both or Grant StudeCMA Investor Relations+1 (949) 432-7566Email Contact

Media Relations Contact:Bob GellerFusion Public Relations+1 (917) 816-0562qci@fusionpr.com

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Quantum Computing Inc. Appoints William J. McGann, Ph.D., to its Board of Directors - GlobeNewswire

During FY21 the company strengthened its transformation into a pure materials technology play by disposing of mineral exploration assets.

(, ) made considerable progress during the financial year ended June30, 2021, and is well-funded to drive the ongoing development of its 12CQ quantum computing and lab-on-a-chip biochip technologies.

The company is developing these advanced semiconductor devices for commercialisation in the multi-billion-dollar global quantum technology and human health industries.

It is doing so after consolidatingits technology development to operate out of a world-class semiconductor research and prototyping foundry in Sydney, and linked nodes of Australian technology development facilities.

The company is well funded to advance its technology strategy with a net cash position of$6.2 million on June 30, 2021.

Archer has made considerable progress in modelling qubit behaviour and the control of qubits, and the control measurements going forward will beworld-first, particularly for solid-state, non-optical quantum computing systems.

During the period, the company signed a new agreement with IBM, allowing it to retain membership to the global IBM Quantum Network and the associated IBM Quantum Startup Program, and to progress the work initiated under the previous agreement.

In addition, Archer began working with Max Kelsen, another Australian member of the IBM Quantum Network, on possible end-use cases for the 12CQ chip.

This collaboration has so far involved adapting a unique class of quantum algorithms for potential big-data'related applications of quantum computing.

The company also signed a non-binding letter of intent (LOI) with the Australian Missile Corporation Pty Ltd, a wholly-owned subsidiary of Australian Defence Prime Contractor NIOA.

By signing the LOI, Archer confirmed its interest in cooperating with the AMC to help fulfil the Australian Governments long-term vision of developing sovereign Australian defence industrial capabilities.

Archers biochip is at an earlier stage of development than the 12CQ chip with the biochip nestled within the product category of MEMS/Sensor devices in the semiconductor industry.

Notably, biochip design principles involve using proprietary graphene-based materials to form the critical sensing elements in lab-on-a-chip technology.

Archer is also focusing on technological barriers to commercialising such devices that involve nanofabrication; another is in assembling a talented multidisciplinary team.

Archer'sbiochip technology.

As Archer moves towards commercialisation, intellectual property (IP) protection and patents will become crucial to stop others from manufacturing, using or selling its technologies in the relevant jurisdictions without the companys permission.

Promisingly, the company is working through patent application procedures in Europe, Hong Kongand Australia, after having patents granted in China, South Korea, Japan and the United States of America.

Archers strategic focus on technology strengthenedwith the completion of the sale of the Leigh Creek Magnesite Project, the Kelly Tank and Jamieson Tank projects, and an agreement with iTech Minerals Ltd for the conditional sale of all remaining mineral tenements.

Upon completion of the iTech sale, the company will receive 50 million iTech shares which itintends to pass on to shareholders through a pro-rata in-specie distribution.

Archer will not hold any iTech shares after the completion of the in-specie distribution, however, will keep the 2.0% net smelter return (NSR) royalty granted on the Jamieson Tank and Kelly Tank projects.

The transformation has signalled an increase in share price over FY21 from A$0.36at market close on July 27, 2020, to A$0.95 on June 30, 2021, and since then has hit a new high of A$3.08 in mid-August while the market cap is now approximately A$454.3 million.

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Archer Materials well-funded to advance development of 12CQ quantum computing and lab-on-a-chip" biochip technologies - Proactive Investors USA

With over 100 years of experience, The Center for Health Affairs and its business affiliates CHAMPS Group Purchasing and The Essentials Group have partnered with Entanglement, Inc. to make Cleveland and the Midwest region the leaders in healthcare applications powered by artificial intelligence (AI), quantum and advanced computing.

NEW YORK, Sept. 23, 2021 /PRNewswire/ -- Entanglement Inc. (Ei), an early-stage quantum and advanced computing company, has partnered with The Center for Health Affairs to accelerate the next wave of computing breakthroughs for healthcare and medical applications. The partnership will leverage Entanglement's diverse advanced computing capabilities, professional services, AI, and quantum & quantum-inspired optimizations to deliver quantum-bridging solutions to clients of the center and its business affiliates, CHAMPS Group Purchasing and The Essentials Group. The multi-year agreement represents a significant opportunity to accelerate transformational innovations within the Cleveland healthcare and medical community and re-affirms Cleveland as an epicenter for health and medical related AI and high-performance computing capabilities. Not only will quantum computing revolutionize critical simulations for drug discovery, but it will also transform the landscape of medical analytics, hospital management, and global medical-supply-chains, eventually unlocking tailored predictive health solutions for patients.

Healthcare powered by AI

"Entanglement represents the future of quantum and advanced computing..."

Entanglement's applications and capabilities will provide cybersecurity for digital medical records, solve scheduling challenges, optimize global supply chains, and manage stockpiles of medical equipment. These are game-changing developments that The Center for Health Affairs (CHA) can offer its members. Both Ei and CHA will ensure all services provided through this partnership fully comply with the safeguards of the Health Insurance Portability & Accountability Act (HIPAA), as well as all federal and state regulations.

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The Center is already known for being adaptable and constantly enhancing its service offerings to meet the changing demands of its members. Through this partnership with Ei, it will now have the capability to enhance its leadership in providing cutting-edge technology by giving its members a competitive advantage through unrivaled transformative computing applications. Members of CHA will have access to advanced computing capabilities that will take advantage of quantum bridging applications, optimization, and artificial intelligence to position its members for a competitive advantage and exceptional patient experience.

"With this partnership, there's an exciting opportunity to build upon Northeast Ohio's reputation as a hub for health technology," said Brian Lane, President and CEO of The Center for Health Affairs. "Entanglement represents the future of quantum and advanced computing, with features that give our members and clients access to new applications and optimizations that will enable secure, responsive and predictive medical services. These innovative offerings position our members and clients with a competitive advantage and ultimately allow our region to stand out further as the worldwide leader in patient care."

The U.S. Department of Defense recently validated an Entanglement platform, developed in collaboration with a global computing technology firm, that optimized equitable distribution of Personal Protective Equipment (PPE) throughout the U.S. That platform showed a 90 percent improved performance over a comparative Evolutionary Algorithm, currently the state of the art. Entanglement then applied these breakthrough capabilities to develop a vaccine distribution and administration model.

"We are extremely excited to partner with the nation's first hospital association and play a part in establishing irreversible momentum in a sector where the impact of quantum bridging and advanced computing technological breakthroughs will be felt the most," said Jason Turner, Chairman of Entanglement. "Entanglement will not only provide a marked advantage to healthcare companies, but will also provide a more secure, more responsive, and more predictive medical services to patients. Through our partnership, we will bring new applications and optimizations to the local healthcare and medical community, building upon Cleveland's reputation in this area, and bolster local economic development efforts. We see this as an incremental pathway towards predictive healthcare accelerated by artificial intelligence-based applications."

The vaccine distribution platform is an example of how Entanglement's access to other forms of advanced computing in purpose-built laboratories, along with Ei's White Glove Service, experienced team, advanced research, and existing intellectual property, creates a new dynamic for the Advanced Computing Revolution.

Tweetable: @entanglement_ai joins nation's first hospital association @neohospitals @cha_essentials to place quantum and advanced computing breakthrough at center #ai #quantumcomputing #entanglement

About The Center for Health Affairs. With a rich history as the nation's first regional hospital association, The Center for Health Affairs serves as the collective voice and leading advocate for 36 hospitals across nine counties in Northeast Ohio. Through its business affiliates, CHAMPS Group Purchasing (GPO) and The Essentials Group, The Center provides a broad level of professional services to its members. CHAMPS GPO leverages the purchasing power of 19,000+ member locations across the United States by aggregating purchasing volume to negotiate discounts with manufacturers and distributors they use every day. The Essentials Group is designed to further elevate the value to the collective membership base of The Center and CHAMPS GPO by serving as an incubator for new concepts and forging partnerships which bring forward solutions to improve efficiency, productivity and outcomes. Through its business affiliates, CHAMPS Group Purchasing and The Essentials Group, The Center provides a broad level of professional services to its members. Headquartered in downtown Cleveland, The Center is honored to be named as one of The Cleveland Plain Dealer's Top Workplaces in 2014, 2015 and 2021; ERC's NorthCoast 99 List in 2003, 2004, 2010, 2012, 2014, 2015, 2016 and 2017; Crain's Cleveland Business and Best Companies Group's Best Employers in Ohio in 2020 and 2021; and Modern Healthcare's 2021 Best Places to Work in Healthcare. For more, visit http://www.neohospitals.org

About Entanglement, Inc. Entanglement is an early-stage deep technology advanced and quantum computing company dedicated to providing unprecedented commercial access to diverse advanced computing systems that service a broad range of customers. Entanglement accelerates the development of quantum information science (QIS) and artificial intelligence (AI) by aligning its world-class team to an environment that enables customers to innovate rapidly without enormous up-front capital investments. Entanglement is the place customers go to solve previously unsolvable problems, a place that is making the promise of quantum a reality. For more information, please visit http://www.entanglement.ai

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SOURCE Entanglement, Inc.

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Entanglement continues a Midwest surge to provide quantum & high-performance computing applications to the nation's leading hospital association...

Quantum computing explained to most businesses may be confusing. As the technology becomes mainstream, many are still struggling to understand how the technology works and how it can benefit their organization in the future.

The global quantum computing (QC) market is expected to reach US$ 3.7 billion by 2030 despite the challenges in keeping qubits stable. Some major quantum computing success stories include IBM Quantum System One in Europe to help companies and research organizations develop and test applied quantum algorithms.

Google announced plans to build a commercial quantum computer that can perform large-scale calculations without errors by the end of the decade while a Chinese startup, Origin Quantum, launched the countrys first homegrown operating system for a quantum computer.

But according to results of a survey from The Pistoia Alliance, almost half of life science professionals claim to only understand QC technology at a beginner level. Only less than 10% of the professionals admitted having expert understanding of QC.

For life science professionals, Quantum computing explained to them should be easier to be understood compared to other professionals. However, with 48% only at beginner level, applying the technology in use cases is still far off despite the significant noise generated by the potential of QC.

According to Celia Merzbacher, Executive Director at QED-C explained that, In the last year alone, quantum computing hardware and software advances have been made, and access to technology via the cloud continues to improve. As a result, the barriers to entry in quantum computing for life sciences are lower and the number of collaborations are on the rise. This recent shift is seen in the survey results, where limited access to QC infrastructure as a barrier has decreased compared to a year ago.

Merzbacher added that QC promises to have an enormous impact on many industries, including life sciences. The technology is already seeing clear near-term applications and uses that can help to advance the industry.

Source The Pistoia Alliance

While the potentials of quantum computing explained to industries may be showing some positivity, the barriers to launching QC projects still continue as well. The survey shows that a lack of understanding of QC and the inability to articulate valuable uses (35%) were some of the of the reasons. This was followed by lack of skills (29%), lack of access to QC infrastructure (15%), and cost (11%).

At the same time, these challenges are now being addressed by Pistoia Alliance Quantum Computing Community of Interest, in partnership with QED-C and QuPharm. Getting quantum computing explained in the C-suite and raising funds for development of use cases for the technology are just some of the steps taken. Pistoia Alliance member companies in the quantum computing field that are also helping to drive forward innovation, include Cambridge Quantum Computing, Zapata Computing, Molecular Quantum Solutions, QunaSys, Qubit Pharmaceuticals and QC Ware.

Interestingly, 36% of respondents believe that QC will impact the biopharma industry within the next five years. With life science specific use cases now emerging from QC companies and consortia, there are clear signs of rapid short-term development and adoption. For example, Menten AI has developed a drug discovery project to build proteins using D-Waves platform, as part of the Creative Destruction Labs Quantum bootcamp.

Quantum computing is the next computational approach our organization is looking to utilize. It will help us to remove constraints in drug discovery and solve large optimization problems that have required too much time or computing power to previously progress, commented a Senior Director of R&D IT from a top ten pharma company.

For John Wise, a consultant for the Pistoia Alliance, the global collaborative network is perfectly placed to help the industry develop use cases and to de-risk investments in innovative technology. However, he believes the seismic shift it promises to deliver will not be possible if they cant define the applications that gain buy-in from stakeholders and the C-suite.

Indeed, the challenges of any new technology would be getting the C-suite to understand it. While its still early days for QC, the alliance should look to getting QC explained to the right people, be it life science professionals or C-Suite executives, in the hopes that the technology can be used to its full potential once its available.

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Can quantum computing be easily explained? - TechHQ

Quantum computing offers incredible computing power and is set to transform many areas such as research. However, it also represents a threat to current security systems as cracking passwords and encryption keys becomes much easier.

So quantum is a security threat, but is there a solution to making systems safer? We spoke to David Williams, CEO of symmetric encryption specialist Arqit, to find out.

BN: Why are current encryption techniques no longer adequate?

DW: First, public key cryptography was not designed for a hyper-connected world, it wasn't designed for an Internet of Things, it's unsuitable for the nature of the world that we're building. The need to constantly refer to certification providers for authentication or verification is fundamentally unsuitable. And of course the mathematical primitives at the heart of that are definitely compromised by quantum attacks so you have a system which is crumbling and is certainly dead in a few years time.

A lot of the attacks we've seen result from certifications being compromised, certificates expiring, certificates being stolen and abused.

But with the sort of computational power available from a quantum computer blockchain is also at risk. If you make a signature bigger to guard against it being cracked the block size becomes huge and the whole blockchain grinds to a halt.

BN: Where did you start to look for a solution?

DW: The person who solves this will become very successful, so in 2017 we began an innovation journey. The tech that we had back then most definitively did not work, it didn't solve the problem. What we now have is a product which is called Quantum Cloud. It's just a a lightweight software agent that's 200 lines of code that can be delivered from the cloud and it can be downloaded into any device. We can put it into an IoT sensor, or a battleship, it doesn't matter, it's the same software for all devices.

What that software does is it creates keys for groups of devices that want to communicate securely, so it could be two or 20 or 2000 devices, and they all undergo a process whereby they create a brand new symmetric encryption key, which they then use to communicate securely. We know that symmetric encryption key is computationally secure. A symmetric encryption key is just a long random number, and even a quantum computer in future will not be able to crack it in less than billions of years. Symmetric encryption keys have been used for decades, delivered by human courier, and therefore the algorithm to use such keys is already built into the world's software systems which means there's no great change required for the world to adopt the use of this technology.

We didn't invent symmetric encryption keys, we invented a way to distribute them securely.

BN: Can you give us an idea of how this works?

DW: Imagine two end points in in London and New York who want to create a secure channel. Each device talks to a data center in its city. In each location there are Hardware Security Modules (HSMs) which have identical sets of the encryption key data. That data is put there by 'satellites' which use a quantum protocol to deliver that information in a method that we can demonstrate is provably secure.

Think of the data centers as buckets, three times a day the satellites throw some random numbers into the buckets and all data centers end up with an identical bucket full of identical sets of random information. So, the endpoints talk to the data centers, which have a conversation and they agree on some information or clues to send in common to the end points, without actually knowing what that information is. In a very clever mashup of those clues, and the existing data that they have on their devices, the end points then create simultaneously a brand new random number.

BN: Is this available today?

DW: The satellite technology is still a couple of years away, currently the root source of random numbers is delivered to data centers by a random number generator in a data center, through some terrestrial mechanisms, which is regarded by our customers as secure today. It's not quantum safe yet, but the network gets upgraded in two years time when the quantum satellites launch and the whole thing becomes quantum safe.

BN: How will it tie in with a zero trust world?

DW: Conventionally with satellite quantum encryption, you can either be zero trust or you can be global, you can't be both. Well that makes the whole thing a bit pointless because the internet's global. Our technology is simultaneously zero trust and global. So, in our protocol the satellite is never trusted with the key, an individual receiver is never trusted with the key. It is a zero trust system. But secondly, the endpoint software adds another layer of zero-trust functionality. The data centers never have the key, the key is never created somewhere else and distributed. The key is created locally on the device, and therefore there is no other device in the network which we're trusting with the key. Therefore, the software protocol is also zero trust.

BN: Will the end user logging into their bank or VPN see any difference?

DW: It's unlikely that a consumer will ever see the operation of our new software, you won't see it sitting on your device called 'Arqit's product', it will be baked into other people's applications and it will be a seamless experience for the average customer.

BN: Are there wider applications for the technology?

DW: One of the things we're most excited about is JADC2 (Joint All-Domain Command and Control), which is basically the military Internet of Things. This involves lots of devices that need to operate in dynamic environments. You can't possibly give every single device that you might feasibly want to communicate with a set of keys to cope with every possible scenario its simply impossible. And in JADC2 we have to rely currently on old fashioned public key cryptography.

But if every device can just download the lightweight quantum cloud agents, then as soon as you agree that drone needs to talk to that satellite, which needs to talk to that other commander, they just set up brand new key dynamically in real time. We can create unbreakable and trustless keys in the moment that they needed and we can change the access rights.

Of course the same problem is also solved in the enterprise and for consumer devices. So yes, the application of our technology is everything, everywhere. There is no application we've ever thought of where the technology can't make things stronger and simpler.

Photo Credit: The World in HDR / Shutterstock.com

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Why quantum computing is a security threat and how to defend against it [Q&A] - BetaNews