The Week in Quantum Computing - January 17th
issue #70
The Week in Quantum Computing. Brought to you by Sergio Gago (@piratecto). Sponsored by Qapitan Quantum.
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Quick Recap
IBM had a busy week adding LG to their partners and Capgemini as they build their quantum lab. We have seen the first merger of the year (potentially of several) with Pasqal and Cu&Co. With a similar name, the Spanish CUCO initiative involves Multiverse, Qilimanjaro, BSC, ICFO and other spanish quantum institutions. In the meantime Alphabet may be branching out his quantum division, showcasing how important will 2022 be for our industry (more in an article below).
Regardless of that, the real situation in the industry was perfectly summarized by Quantum Steve.
The Quote of the Week
"There has been a dramatic rise in progress in AI over the past decade or so, largely due to what are called deep neural networks, deep learning, where 'deep' in this sense means the number of layers in a neural network"
Melanie Mitchell - computer scientist. Davis Professor of Complexity at the Santa Fe Institute.
The Week in Quantum Computing
Making Next Generation Quantum Computers Even More Powerful
Engineers at EPFL have developed a method for reading several qubits – the smallest unit of quantum data – at the same time. Their method paves the way to a new generation of even more powerful quantum computers.
Link: https://ift.tt/335A1Se
January 09, 2022 at 10:30AM
IBM Welcomes LG Electronics to the IBM Quantum Network to Advance Industry Applications of Quantum Computing
SEOUL, South Korea, /PRNewswire/ -- IBM (NYSE: IBM) today announced that LG Electronics has joined the IBM Quantum Network to advance the industry applications of quantum computing.
Link: https://ift.tt/3zIDsuj
January 10, 2022 at 09:30AM
How Cambridge’s Nu Quantum is propelling the quantum computing revolution
Cambridge, with its long, unparalleled track record of disruptive innovations, has long been recognised as a city of disruptors. We are living in the age of disruption – the Internet of Things to artificial intelligence, cloud computing to 3D printing, autonomous vehicles to advanced genomics...
Link: https://ift.tt/3qLOVVF
January 10, 2022 at 11:30AM
How a quantum-inspired model is motivating new methods in finance and machine learning.
Quantum theory involves counter-intuitive concepts, like quantum superposition and entanglement. But things get even harder if one has to describe systems of many particles. In the last 30 years, quantum physicists have developed methods that deal with the complexity of the quantum world.
Link: https://ift.tt/3HOmIo7
January 10, 2022 at 03:30PM
Using Quantum Tech to Exploit Bitcoin (BTC) Protocol May be Theoretically Possible, but Quite Challenging in Practice: Report
The team at CoinShares pointed out that using quantum technologies to exploit the Bitcoin protocol is “theoretically possible.” But it’s “exceptionally difficult to do in practice.”
In order to mitigate against such attacks, “a soft fork with a commit–delay–reveal scheme could be implemented,” according to the update from CoinShares.
Link: https://ift.tt/3nbUV9r
January 10, 2022 at 05:30PM
Alphabet is reportedly spinning out its secretive quantum computing division
If there's one industry that could have a breakout year in 2022, it's quantum computing, the next phase of computational power that will, in theory, take everything up a level.
Link: https://ift.tt/3fblpDm
January 10, 2022 at 10:30PM
Euler’s 243-Year-Old ‘Impossible’ Puzzle Gets a Quantum Solution
A surprising new solution to Leonhard Euler’s famous “36 officers puzzle” offers a novel way of encoding quantum information. In 1779, the Swiss mathematician Leonhard Euler posed a puzzle that has since become famous: Six army regiments each have six officers of six different ranks.
Link: https://ift.tt/3JWTmFZ
January 11, 2022 at 12:30AM
Best practices to help prepare corporations and employees for the future of quantum computing — learning from our portfolio company, Alice & Bob.
The use and implementation of quantum computing has become a hot topic over the last few years and there is so much that still feels unknown. Taking these super computers from an anomaly to an industry standard seemed increasingly challenging with all the hurdles in the way such as their increased sensitivity, the large amount of errors, and the time required to run a single Qubit. That is until we met Alice & Bob and backed their seed round of €3m in 2020.
Link: https://ift.tt/3K1MIyn
January 11, 2022 at 09:30AM
Quantum Startups Pasqal and Qu&Co Announce Merger to Leverage Complementary Solutions for Global Market
Quantum Startups Pasqal and Qu&Co Announce Merger to Leverage Complementary Solutions for Global MarketQu&Co’s robust algorithm portfolio combined with Pasqal’s full-stack neutral atom system designed to accelerate path to business advantage for Fortune 500 customers Pasqal, a developer of neut
Link: https://ift.tt/3zJmQm6
January 11, 2022 at 10:30AM
Multiverse Computing participates in Spanish industrial consortium to run "CUCO" project to investigate the use of quantum computing and its application to strategic industries.
The project aims to generate knowledge about quantum technologies that are designed to assist in finding solutions to problems that is outside the abilities of classical computing.
Link: https://ift.tt/3zMllDw
January 11, 2022 at 08:30PM
Quantum Computing Expanded In 2021 Setting Up A Big 2022
Quantum computing has experienced unprecedented growth and interest over the last two years due in large part to companies like Honeywell, IBM, Google, and Intel. We’ve also seen new up and coming players like IonQ and Rigetti step into the foray to advance the technology.
Link: https://ift.tt/3t9QEHe
January 11, 2022 at 08:30PM
Capgemini launches a dedicated Quantum Lab and announces a new agreement with IBM to advance industry applications of quantum computing
Capgemini signed an agreement with IBM to become an IBM Quantum Hub providing its clients access to IBM’s quantum computing systems as well as professional services Paris, January 12, 2022 – Capgemini announced today it has set up a dedicated Lab and team of quantum technology experts from acros
Link: https://ift.tt/3zQbtZA
January 12, 2022 at 09:30AM
Million-Qubit Quantum Computing? How SEEQC Plans To Scale Quantum Computers
As exciting as it may be to hear about breakthrough 127-qubit quantum computers or promises of 1,000 qubits by 2023, the reality is that quantum computing is still not a mainstream computing technology that produces game-changing real-world results with massive and obvious and immediate impact.
Link: https://ift.tt/3qhdAm3
January 12, 2022 at 09:30AM
Paper: A Survey of Quantum Computing for Finance
Quantum computers are expected to surpass the computational capabilities of classical computers during this decade and have transformative impact on numerous industry sectors, particularly finance. In fact, finance is estimated to be the first industry sector to benefit from quantum computing, not only in the medium and long terms, but even in the short term. This survey paper presents a comprehensive summary of the state of the art of quantum computing for financial applications, with particular emphasis on Monte Carlo integration, optimization, and machine learning, showing how these solutions, adapted to work on a quantum computer, can help solve more efficiently and accurately problems such as derivative pricing, risk analysis, portfolio optimization, natural language processing, and fraud detection. We also discuss the feasibility of these algorithms on near-term quantum computers with various hardware implementations and demonstrate how they relate to a wide range of use cases in finance. We hope this article will not only serve as a reference for academic researchers and industry practitioners but also inspire new ideas for future research.
Link: https://ift.tt/3HVqwnw
January 13, 2022 at 09:30AM
Leveraging Physics and Quantum Computing to Accelerate Drug Discovery
Novel computational techniques are revolutionizing the way we discover new drugs. Robert Marino, CEO and co-founder of Qubit Pharmaceuticals, discusses the potential of physics to accelerate drug discovery.
Link: https://ift.tt/3GeWZ82
January 13, 2022 at 05:30PM
Building Quantum Bomb Testers (And Other Thought Experiments) with Quantum Computers
Imagine someone gives you a box, and you can’t see what’s inside. All you know is that it’s either empty or it contains a highly sensitive bomb. If this bomb interacts with anything, if it is hit by even a single photon of light, it will explode.
Link: https://ift.tt/34PXF5Y
January 14, 2022 at 11:30AM
How Close Are IBM's Quantum Computing Predictions to Reality?
Earlier this week, Armonk, N.Y.-based IBM announced that LG Electronics has joined the IBM Quantum Network. According to Big Blue, the Quantum Network is designed to advance the industry applications of quantum computing. Like all such partnerships, the technology flow will go in both directions.
Link: https://ift.tt/3tqHLJA
January 14, 2022 at 10:30PM
Innovative New Algorithms Advance the Computing Power of Early-Stage Quantum Computers
A group of scientists at the U.S. Department of Energy’s Ames Laboratory has developed computational quantum algorithms that are capable of efficient and highly accurate simulations of static and dynamic properties of quantum systems.
Link: https://ift.tt/33IlwnG
January 15, 2022 at 11:30PM