The Week in Quantum Computing - May 22nd
Issue #139
The Week in Quantum Computing. Brought to you by Sergio Gago (@piratecto).
Quick Recap
This week many people have shared with me the article on Risk about UBS pulling the plug on Quantum because having “no advantage”. Well… surprise! There is NO quantum advantage today for business. We have been saying that for ages. But pulling the plug on research would be like sayin “Hey, there is no advantage in travel with this machine you created, Wright brothers! Let’s focus on our good old horses!”. Quantum, like blue cheese, needs a lot of time in the dark to get good and tasty.
Buzzing qubits this week we had! A perovskite-based device with potential to open doors for new kinds of computer chips or quantum qubits was reported. Cyprus’ Deputy Minister of Research, Innovation and Digital Policy, Philippos Hadjizacharias, has welcomed a research project on quantum communication infrastructure. Eviden, has launched Qaptiva, a platform for real-world quantum application development. This comes as quantum tech firm Q-CTRL announces its expansion in Europe with office openings in Germany and the UK and its availability on IBM devices! (Congrats to the team!). Scott Aaronson has published a review of Michio Kaku book. Summary: “the worst book about quantum computing”.
On the financial side, the Quantum Computing in Healthcare Market is predicted to be worth $503 million according to MarketsandMarkets. Furthermore, Dihuni announced the launch of Qubrid, a new hybrid classical-quantum computing platform. The Quantum Cryptography Market is projected to exceed $3B by 2028, indicating a surge in investment in quantum technologies. IBM and Google have commited to contribute $150 million towards quantum-computing research at the University of Chicago and the University of Tokyo. Yet, amidst these advancements, UBS reported finding no significant advantage in quantum computing for trading, after a multi-year effort to utilize it. A great paper by Oliver Ezratty talks about NISQ and where are we heading with it, which sheds some light into it. The graph below summarijzes it all.
And to finalize on NISQ and anti-hype, Jack Krupansky has published a great piece on whether QC will ever fulfill its promises.
(Everything in the yellow can be easily simulated on a classical device)
Next Events
The Week in Quantum Computing
A New Era of Efficient Computing with Quantum Quasiparticle Sandwiches May 15, 2023 A perovskite-based device that merges the features of electronics and photonics could pioneer a new age of computer chips or quantum qubits. Read more
CUT Embraces Quantum Communication Infrastructure Research Project May 16, 2023 Cyprus’ Deputy Minister of Research, Innovation and Digital Policy, Philippos Hadjizacharias, emphasises the role of quantum communication in securing communications and preventing cyber attacks. Read more
Eviden Unveils Qaptiva for Quantum Computing Application Development May 16, 2023 Eviden, the Atos business leading in digital, cloud, big data, and security, has introduced Qaptiva, a quantum computing service to facilitate real-world application development using best-in-breed quantum computing technologies. Read more
Q-CTRL Extends its Global Reach in Europe Under AUKUS Agreement May 16, 2023 Q-CTRL announces its expansion in Europe with new offices in Germany and the UK to further advance R&D and lead in quantum technology development. Read more
Quantum Computing Algorithm Breakthrough May 16, 2023 Significant progress in quantum computing algorithms brings practical use closer to fruition. Read more
Quantum Computing in Healthcare Market worth $503 million May 17, 2023 With its exceptional computational power, quantum computing shows promise for revolutionising the healthcare industry in the near future. Read more
Dihuni Launches Qubrid Hybrid Classical-Quantum Computing Platform May 17, 2023 Dihuni announces the launch of Qubrid, a platform designed to enhance the development of Quantum Computing. Read more
Cornell Engineers Push for Practical Quantum with Qubit Control May 17, 2023 Cornell engineers are making significant strides in the practical application of quantum computing with advanced qubit control. Read more
Revolutionizing Biology with Quantum Physics May 17, 2023 The emerging field of quantum biology could revolutionize our understanding of life, with the potential to control cellular activity using cellphones. Read more
Guide to Quantum Algorithms for Optimization Problems May 17, 2023 This guide provides practical insights into quantum algorithms for solving optimization problems. Read more
Doubts Persist Over Practicality of Quantum Computing May 17, 2023 Despite significant advancements, there are still doubts regarding the practical feasibility of quantum computing. Read more
Quantum Cryptography Market to Exceed $3B by 2028 May 17, 2023 The rapidly evolving quantum cryptography market is predicted to grow swiftly over the next half-decade, reaching an estimated worth of $3 billion by 2028. Read more
5000-Qubit Quantum Advantage in Optimization Problems May 17, 2023 The D-Wave Advantage processor, with more than 5,000 qubits and 40,000 programmable couplers, was used to demonstrate a speedup over simulated annealing. Read more
IBM, Google Give $150 Million for U.S.-Japan Quantum-Computing Push as China Looms May 17, 2023 IBM and Google are giving $150 million for quantum-computing research at the University of Chicago and the University of Tokyo as the U.S. and Japan try to stay ahead of a fast-rising China. Read more
Assessing The Quantum Threat By The Numbers May 19, 2023 The Federal Reserve is scrutinizing the quantum threat that it perceives to be the greatest looming concern. Read more
UBS found no advantage in quantum computing – ex data chief May 19, 2023 UBS abandoned a multi-year effort to utilise quantum computing for trading after concluding that it offered no significant advantage over existing technologies. Read more
Commercializing quantum technologies: the risks and opportunities May 19, 2023 While quantum computers could help with optimization in insurance and finance, their use also brings new and unfamiliar risks that must be mitigated. Read more