The Week in Quantum Computing - April 8st 2024, ZapataAI stock, PsiQuantum expansion, and Microsoft+Quantinuum
quantumpirates.substack.com
John Preskill is slated to receive the prestigious John Stewart Bell Prize for his significant contributions to quantum mechanics. His work on "classical shadows," a method for translating complex quantum systems into succinct classical descriptions, has opened up new possibilities for efficient information processing in quantum systems. Zapata AI experienced a 60% drop in its stock price following its SPAC merger with Andretti Acquisition Corp. Despite the initial setback, the company remains optimistic. PsiQuantum is considering two sites in Chicago for a potential quantum computing facility, a move that could create between 250 and 1,000 jobs and aligns with Illinois' ambition to become a quantum development hub. Microsoft and Quantinuum have made great breakthrough in quantum error correction creating four highly reliable logical qubits from just 30 physical qubits, marking a critical milestone in quantum error correction (sure, that’s as far as they can go with Quantinuum’s trapped ion device for now). Meanwhile, Oxford Quantum Circuits has deployed two quantum computers in colocation data centers, highlighting the growing interest in operationalizing quantum computing. Neal Ziring from the NSA predicts that practical quantum computing will be available for workforce use via cloud-based environments in 3 to 5 years. Lastly, researchers from the Technical University of Denmark have set a quantum encryption record, demonstrating encryption over a 62-mile distance using Continuous Variable Quantum Key Distribution, a significant step in securing critical infrastructure.
The Week in Quantum Computing - April 8st 2024, ZapataAI stock, PsiQuantum expansion, and Microsoft+Quantinuum
The Week in Quantum Computing - April 8st…
The Week in Quantum Computing - April 8st 2024, ZapataAI stock, PsiQuantum expansion, and Microsoft+Quantinuum
John Preskill is slated to receive the prestigious John Stewart Bell Prize for his significant contributions to quantum mechanics. His work on "classical shadows," a method for translating complex quantum systems into succinct classical descriptions, has opened up new possibilities for efficient information processing in quantum systems. Zapata AI experienced a 60% drop in its stock price following its SPAC merger with Andretti Acquisition Corp. Despite the initial setback, the company remains optimistic. PsiQuantum is considering two sites in Chicago for a potential quantum computing facility, a move that could create between 250 and 1,000 jobs and aligns with Illinois' ambition to become a quantum development hub. Microsoft and Quantinuum have made great breakthrough in quantum error correction creating four highly reliable logical qubits from just 30 physical qubits, marking a critical milestone in quantum error correction (sure, that’s as far as they can go with Quantinuum’s trapped ion device for now). Meanwhile, Oxford Quantum Circuits has deployed two quantum computers in colocation data centers, highlighting the growing interest in operationalizing quantum computing. Neal Ziring from the NSA predicts that practical quantum computing will be available for workforce use via cloud-based environments in 3 to 5 years. Lastly, researchers from the Technical University of Denmark have set a quantum encryption record, demonstrating encryption over a 62-mile distance using Continuous Variable Quantum Key Distribution, a significant step in securing critical infrastructure.