The Quantum Spain project has successfully delivered the first 5-qubit quantum chip in Spain. Quobly raised €19 million in seed funding to develop quantum processors based on silicon spin qubits and SQA a series A for a secure “quantum blockchain” development. EeroQ finally breaks its silence and unveils their chip architecture. While Russia has presented their first 16-qubit QPU.Quantum computing's potential impact on energy-saving technologies is also making headlines. Quantum computers could lead to advancements in electric vehicle batteries, optimized logistics routing, and more efficient solar cells, further enhancing energy efficiency. On the market front, the global quantum computing market is projected to surpass USD 6,528.8 million by 2030, exhibiting a CAGR of 32.1%. The growing quantum effort worldwide, with investments exceeding $36 billion, indicates the increasing global interest in quantum science and technology.Q-CTRL partnered with Oxford Quantum Circuits to improve algorithmic performance on quantum hardware, while SoftBank unveiled a research initiative with Keio University to explore quantum computing's potential in mobile technologies and IoT.Also a great week on the research front. from advances in QAOAs and VQEs (and where they can be useful), as well as how to solve independent set problems with neutral atoms. Read on!
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The Week in Quantum Computing - July 24th
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The Quantum Spain project has successfully delivered the first 5-qubit quantum chip in Spain. Quobly raised €19 million in seed funding to develop quantum processors based on silicon spin qubits and SQA a series A for a secure “quantum blockchain” development. EeroQ finally breaks its silence and unveils their chip architecture. While Russia has presented their first 16-qubit QPU.Quantum computing's potential impact on energy-saving technologies is also making headlines. Quantum computers could lead to advancements in electric vehicle batteries, optimized logistics routing, and more efficient solar cells, further enhancing energy efficiency. On the market front, the global quantum computing market is projected to surpass USD 6,528.8 million by 2030, exhibiting a CAGR of 32.1%. The growing quantum effort worldwide, with investments exceeding $36 billion, indicates the increasing global interest in quantum science and technology.Q-CTRL partnered with Oxford Quantum Circuits to improve algorithmic performance on quantum hardware, while SoftBank unveiled a research initiative with Keio University to explore quantum computing's potential in mobile technologies and IoT.Also a great week on the research front. from advances in QAOAs and VQEs (and where they can be useful), as well as how to solve independent set problems with neutral atoms. Read on!