In another pairing between hardware and software companies, Quantum Computing Inc. (QCI) has reached an agreement to acquire quantum photonic startup QPhoton. QPhoton is a spinout of research by Dr. Yuping Huang from the Stevens Institute of Technology and will operate as a subsidiary of QCI. The two companies had previously announced a partnership in February to jointly sell and market quantum and phonic products and had indicated at that time that an acquisition may occur. The acquisition will be paid for by a mixture of common stock, preferred stock, and warrants and will represent in total approximately 49% of the [...]
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One of the most promising areas for the use of quantum computing is in the area of quantum computational chemistry. As Professor Richard Feynmann once said, "Nature isn't classical, dammit, and if you want to make a simulation of nature, you'd better make it quantum mechanical, and by golly it's a wonderful problem, because it doesn't look so easy." The potential applications for quantum computational chemistry include many important things including drug discovery, material design, catalyst discovery, chemical process optimization, carbon sequestration, and many others. To that end the software team at Quantinuum (formerly Cambridge Quantum) has been working on a [...]
One of the challenges to creating a viable quantum internet is the inherent signal loss that photonics incurs when travelling over a fiber optic cable. The maximum length is limited to perhaps 100 kilometers or so before the signal levels become too small to detect reliably. For classical signals, this is no problem because one can put in a repeater that can regenerate the signal so it can then traverse down to the next segment. However, it is not so easy with entangled photons because of the No Cloning Theorem which states that qubits cannot be copied. However, there is a [...]
Amazon Web Services (AWS) has become a member of the Q-NEXT research consortium. Q-NEXT is a U.S. Department of Energy (DOE) National Quantum Information Science Research Center led by the Argonne National Laboratory. AWS joins 12 companies, 10 universities and three DOE in this research effort to accelerate progress in quantum information science. Q-NEXT activities will include creating two national foundries for quantum materials and devices, developing quantum networks, forming simulation and network testbeds, and help to train a quantum workforce. Q-NEXT is one of five of the DOE's National Quantum Information Science Research Centers with each researching different areas of quantum [...]
QuSecure Formally Launches Their Company and First Product, a Cybersecurity SaaS Platform Named QuProtectdougfinke2022-05-21T13:24:41-07:00
QuSecure, a Silicon Valley company, a post-quantum cybersecurity company has launched its first product called QuProtect which they call a quantum orchestration platform to provide the first end-to-end solution to deliver quantum resistance against the threat of a quantum computer powerful enough to break the public key encryption algorithms in use today. The product will leverage the NIST approved post quantum cryptography algorithms which are expected to be announced any day now. However, it is also designed to provide easy installation and provide seamless upgrade for managed and non-managed endpoints and devices. The company was launched in 2019, is headquartered in [...]
NIST Awards SRI International $299,128 for Development of a Quantum Technology Manufacturing Roadmapdougfinke2022-05-20T20:23:21-07:00
The funding will support a roadmap that identifies pre-competitive development and supply chain gaps to help maintain U.S. dominance in quantum-related fields to benefit multiple quantum technology application areas. The award was part of NIST's Advanced Manufacturing Technology Roadmap (MFGTech) Program which provided a total of seven awards in a variety of fields. Additional information about the award and NIST's MFGTech program can be found in a news release here and a webpage for the MEGTech program here. May 20, 2022
The University of California Los Angeles (UCLA) Center for Quantum Science and Engineering (CQSE) is jointly operated by the UCLA College Division of Physical Sciences and the UCLA Samueli School of Engineering. They research many different areas of quantum technology, many of which can have great relevance for the aerospace industry. The gift from Boeing follows two recent grants from the National Science Foundation (NSF) which awarded $25 million to a consortium of several universities for the Quantum Leap Challenge Institute for Present and Future Quantum Computation and also a five-year, $3 million traineeship grant to provide fellowships to twelve doctoral students per [...]
Major research is now going into developing fault tolerant quantum computers that can withstand the qubit errors inherent in quantum computing. It is a complex task to understand how a particular code might perform and Xanadu has developed the first simulator that can help. The FlamingPy software contains a variety of built-in error correction codes, decoders, and noise models and also allows you to add your own. Once these items have been selected, the software enables a user to simulate and debug the error-correction performance and provide estimates for the fault-tolerant error thresholds. The software also provides a variety of visualization [...]
Three notable earnings releases were made in the past few days and it is interesting to review them and see the progress each has made in the past year. IonQ announced Q1 revenue of $2.0 million, bookings of $4.2 million, and EBITDA (Earnings before interest, taxes, depreciation, and amortization) loss of $10.3 million. This compares to their forecast made at the end of March of Q1 revenue between $1.8 to $2.0 million and bookings of $3 to $4 million. They are continuing to estimate full year 2022 revenue at $10.2 to $10.7 million, but have raised their estimate of 2022 bookings [...]
In their Q1 Finance Results press releases and also during the Q1 calls, both IonQ and Rigetti discussed their roadmap plans for future processors. Peter Chapman, CEO of IonQ, mentioned that the company is currently working on three different generations of processors in different stages of development. The latest released version is called Aria which can hold up to 32 qubits. It is currently available in IonQ's own cloud system and will also be available on Microsoft's Azure system soon. The next version to be released is codenamed Forte which won't have a much larger number of qubits than its predecessor [...]