A new approach to Quantum Support Vector Classifier Algorithm (QSVC), demonstrates its potential to revolutionize medical data classification (not quite better than classical yet). Ramy Shelbaya, CEO of Quantum Dice, highlights the essential role of quantum randomness in ensuring cybersecurity in our increasingly connected world. The UK Government's National Quantum Strategy underscores the national priority placed on quantum technology development. 30 projects in the UK selected for phase one of the competition, set to last three months, will share a £2m funding pot. The most promising concepts will progress to develop a prototype in phase two, which has a budget of £13m and will last up to 15 months.. Simultaneously, researchers at Kipu Quantum work on an Efficient DCQO Algorithm for Portfolio Optimization, introducing a faster digital quantum algorithm with implications for financial modeling and risk management. As quantum computing's impact on industries like finance and defense continues to grow, organizations like Moody's and JPMorgan are actively involved, while the Quantum Internet Alliance launches a challenge to foster quantum networking applications. Meanwhile, advancements in quantum simulators are driving the quantum warfare market, emphasizing the critical role of quantum technologies in defense.We have also seen scalable quantum dot chessboards. Q-CTRL and Diraq partner to secure funding for public-sector quantum projects (bececause in these days, most money is public). A quantum ethical primer: Quantum nationalism, data security, and job displacement are among the complex issues discussed in this context.And lastly, this week we had our newest SPAC! Zapata (now with AI) merges with Andretti so they can go public. The company has pivoted into the AI world. Not only we see quantum budgets crunching but the IDC market report reduced its expectations due to this.
Share this post
The Week in Quantum Computing - September…
Share this post
A new approach to Quantum Support Vector Classifier Algorithm (QSVC), demonstrates its potential to revolutionize medical data classification (not quite better than classical yet). Ramy Shelbaya, CEO of Quantum Dice, highlights the essential role of quantum randomness in ensuring cybersecurity in our increasingly connected world. The UK Government's National Quantum Strategy underscores the national priority placed on quantum technology development. 30 projects in the UK selected for phase one of the competition, set to last three months, will share a £2m funding pot. The most promising concepts will progress to develop a prototype in phase two, which has a budget of £13m and will last up to 15 months.. Simultaneously, researchers at Kipu Quantum work on an Efficient DCQO Algorithm for Portfolio Optimization, introducing a faster digital quantum algorithm with implications for financial modeling and risk management. As quantum computing's impact on industries like finance and defense continues to grow, organizations like Moody's and JPMorgan are actively involved, while the Quantum Internet Alliance launches a challenge to foster quantum networking applications. Meanwhile, advancements in quantum simulators are driving the quantum warfare market, emphasizing the critical role of quantum technologies in defense.We have also seen scalable quantum dot chessboards. Q-CTRL and Diraq partner to secure funding for public-sector quantum projects (bececause in these days, most money is public). A quantum ethical primer: Quantum nationalism, data security, and job displacement are among the complex issues discussed in this context.And lastly, this week we had our newest SPAC! Zapata (now with AI) merges with Andretti so they can go public. The company has pivoted into the AI world. Not only we see quantum budgets crunching but the IDC market report reduced its expectations due to this.