Investment rounds week! Quantum Machines has announced the opening of the Israeli Quantum Computing Center (IQCC) at Tel Aviv University. Qblox has secured $26M in a Series A funding round. Wave Photonics M4.6 GBP and C12 €18M. Not bad for almost hitting the equator of the year. Meanwhile, the debate on annealing vs optimized and error-mitigated gate based algorithm continues. D-Wave, that had its annual conference this year, deploys its second QC at Davidson Technologies Inc.'s new global headquarters. Also, their commissioned report by Hyperion Research reveals that businesses investing in quantum computing expect substantial ROI, with an estimated $51.5 billion in benefits. Now, they have asked 300 companies, many of them with already active quantum programs. If you asked any random company in the Fortune 500 the answer would be a bit gloomier. Meanwhile, Microsoft adds more “copilot” features and focuses on chemistry together with Unilevel. Azure’s quantum marketplace has been flying “under the radar” for some time, but it seems they are doubling down on this strategy introducing two new capabilities, Generative Chemistry and Accelerated DFT. Lastly, a few very relevant papers have been published this week, including a Quantum Random Forest implementation by the JPMorgan team.
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The Week in Quantum Computing - June 25th…
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Investment rounds week! Quantum Machines has announced the opening of the Israeli Quantum Computing Center (IQCC) at Tel Aviv University. Qblox has secured $26M in a Series A funding round. Wave Photonics M4.6 GBP and C12 €18M. Not bad for almost hitting the equator of the year. Meanwhile, the debate on annealing vs optimized and error-mitigated gate based algorithm continues. D-Wave, that had its annual conference this year, deploys its second QC at Davidson Technologies Inc.'s new global headquarters. Also, their commissioned report by Hyperion Research reveals that businesses investing in quantum computing expect substantial ROI, with an estimated $51.5 billion in benefits. Now, they have asked 300 companies, many of them with already active quantum programs. If you asked any random company in the Fortune 500 the answer would be a bit gloomier. Meanwhile, Microsoft adds more “copilot” features and focuses on chemistry together with Unilevel. Azure’s quantum marketplace has been flying “under the radar” for some time, but it seems they are doubling down on this strategy introducing two new capabilities, Generative Chemistry and Accelerated DFT. Lastly, a few very relevant papers have been published this week, including a Quantum Random Forest implementation by the JPMorgan team.