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Multiverse Computing Joins the Strangeworks Quantum Syndicate

2021-07-31T17:23:48-07:00

Multiverse Computing is a quantum software company with headquarters in headquartered in San Sebastian, Spain and offices in Toronto, Canada and Paris, France. They specialize in providing software and consulting services to financial institutions for problems include portfolio optimization, pricing of derivatives, financial crash forecasting, and tax fraud. They will partner with Strangeworks to gain access to exclusive quantum computing hardware and novel quantum architectures to conduct algorithms research and deliver new insights to its customers. Strangeworks's goal is to humanize quantum computing, cut through the confusion of quantum computing and make it accessible to everyone. As part of this effort [...]

Multiverse Computing Joins the Strangeworks Quantum Syndicate2021-07-31T17:23:48-07:00

Chicago Quantum Exchange Adds Ohio State University and the Weizmann Institute as Partners

2021-07-30T16:41:03-07:00

Ohio State will be the Chicago Quantum Exchange's first regional academic partner and the Weizmann Institute of Science will be its first international academic partner. Ohio State University, in Columbus, Ohio, is the lead member institution in the multi-institutional quantum education initiative QuSTEAM, the university is dedicated to preparing a quantum-ready workforce. The Weizmann Institute of Science, in Rehovot, Israel, performs research on trapped ion qubits, superconducting qubits, neutral atom simulators and photon-based computation. Its theoretical groups have expertise in topological quantum states of matter and topological quantum computation. A news release from the Chicago Quantum Exchange announcing these new partners is available [...]

Chicago Quantum Exchange Adds Ohio State University and the Weizmann Institute as Partners2021-07-30T16:41:03-07:00

Who’s News – Additions at Zapata, Ionq, and Classiq

2021-07-30T10:47:20-07:00

Zapata Computing has announced that Jeff Huber will be joining its Board of Directors. Jeff is the founding CEO of GRAIL, a breakthrough cancer screening company and was previously a Senior Vice President at Google. Ionq announced that Tom Jones has joined as Chief People Office, Jordan Shapiro as Vice President of Financial Planning and Analysis, Mark Solomon as Director of Sales and Kevin Caimi as Controller. These gentlemen have a variety of experience at companies including Blue Origin, Microsoft, Honeywell, RoundGlass, IBM, and Caliburn International. And Classiq Technologies has announced that Professor Tal Mor and Professor Robert Willie have joined [...]

Who’s News – Additions at Zapata, Ionq, and Classiq2021-07-30T10:47:20-07:00

Quantum Recruiting — A View From the Front Lines

2021-07-29T15:49:08-07:00

By Carolyn Mathas Although quantum computing technology is in its infancy stage, a recent report from the Boston Consulting Group estimates that quantum computing could create value of $450 billion to $850 billion in the next 15 to 30 years to users and providers.  Development of scalable quantum computers and practical applications for its use requires the creation of a quantum workforce and recruiting that workforce has its own set of challenges. Unique Quantum Recruiting Challenges Recruiters in the quantum industry face such unique challenges as the small size of the market, setting realistic expectations, how to ready applicants for an [...]

Quantum Recruiting — A View From the Front Lines2021-07-29T15:49:08-07:00

Research Roundup for July 2021

2021-07-29T12:56:55-07:00

By Dr. Chris Mansell Shown below are summaries of a few interesting research papers in quantum computing and communications that have been published over the past month. Hardware Title: Accurately computing electronic properties of a quantum ringOrganizations: Google Quantum AI; University of Massachusetts; University of California, Santa Barbara; University of California, Riverside; University of ChicagoSmall errors in the numerical analysis of quantum materials can lead to large deviations in our predictions of their most interesting observable properties. The key insight of this paper is to perform experimental work in the Fourier domain. They first do this with individual pairs of superconducting [...]

Research Roundup for July 20212021-07-29T12:56:55-07:00

Quantum Machines to Work with European Institutions to Develop Schrödinger Cat State Error Correction

2021-07-29T10:37:26-07:00

Quantum Machines has announced that it is joining researchers at the University of Innsbruck, Ecole Normale Supérieure de Lyon, Mines ParisTech, Ecole Normale Supérieure de Paris, Karlsruher Institut für Technologie, French National Institute for Research in Computer Science and Automation and Romanian National Institute for Research and Development of Isotopic and Molecular Technologies on a three year project called QuCoS (Quantum Computation with Schödinger cat states) funded by the QuantERA consortium. The significance of an error correction scheme based upon the Schrödinger cat state approach is that it potentially can be more efficient than other alternatives, such as the surface code. Whereas IBM [...]

Quantum Machines to Work with European Institutions to Develop Schrödinger Cat State Error Correction2021-07-29T10:37:26-07:00

IBM Installs a Quantum System One in Japan

2021-07-31T17:30:18-07:00

The machine has been installed at IBM Research’s Shin-Kawasaki facility is located at NANOBIC, a joint research facility operated by industry, academia and government and hosted by Kawasaki City of Japan. The is the second IBM quantum computer installed outside the United States with the first being installed in Germany last April. It will be managed with the University of Tokyo as part of the Quantum Innovation Initiative Consortium (QIIC) to facilitate collaboration on quantum computing between industry, academia, and government in Japan. Other members of the QIIC include DIC, Hitachi, JSR, Keio University, Mitsubishi Chemical, Mizuho, MUFG, Sony, Sumitomo Mitsui Trust [...]

IBM Installs a Quantum System One in Japan2021-07-31T17:30:18-07:00

PsiQuantum Raises $450 Million in Series D Funding

2021-07-27T11:29:19-07:00

The round was led by funds and accounts managed by Blackrock with participation from existing investors Baillie Gifford and M12 (Microsoft's venture fund) along with new investors Blackbird Ventures and Temasek. This brings the total amount of funding to date to $665 million with a reported company valuation of $3.15 billion. PsiQuantum has a stated goal of building a 1 million physical qubit error corrected quantum computer by the middle of the decade using their photonic qubit technology. Unlike most other quantum hardware companies, PsiQuantum is planning to skip over the NISQ era and go directly to creating an fully error [...]

PsiQuantum Raises $450 Million in Series D Funding2021-07-27T11:29:19-07:00

Super.tech Labs Receives a $256,000 Award from the NSF for Research Into Quantum Compilation Methods

2021-07-26T14:28:35-07:00

The award for Super.tech came from the U.S. National Science Foundation (NSF) Small Business Innovation Research (SBIR) program and will cover a nine month period extending from August 1, 2021 to April 30, 2022. The research will cover compilation methods for dense graph optimization problems, mixed binary problems where variables can be either binary or continuous, and constrained optimization applications like maximal independent set. Super.tech is a quantum software startup based in Chicago that came out of the EPiQC collaboration led by the University of Chicago. They were recently named to be one of the six startups to participate as part of the [...]

Super.tech Labs Receives a $256,000 Award from the NSF for Research Into Quantum Compilation Methods2021-07-26T14:28:35-07:00

Recommended Reading: White Papers from IBM and BCG

2021-07-24T19:39:04-07:00

Recently, two organizations have developed substantial white papers that discuss the status of quantum computing and provide insights of how it can create value in the future. The IBM Institute of Business Value has produced a report titled The Quantum Decade and the Boston Consulting Group's (BCG) report is titled What Happens When 'If" Turns to 'When' in Quantum Computing? Both of these may be particularly helpful to corporate executives, data analysts and IT professionals who are wondering if, why, when, and how their organization should get involved with quantum computing. One topic of particular interest discussed in both white papers [...]

Recommended Reading: White Papers from IBM and BCG2021-07-24T19:39:04-07:00
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