News Brief

We previously reported on Multiverse' introduction of their Singularity quantum software platform that enable inputting QC problems from an Excel spreadsheet. We also reported earlier on their work to integrate support for the IonQ ion trap processor with this software. They have now added a new module to calculate the Fair Price of a portfolio of stocks to this platform. Currently, these calculations are typically implemented in programs running on supercomputers that can look at tens of thousands of samples and run for a period of 24 hours or more. When the number of samples is decreased, the accuracy also diminishes. [...]

The two companies will study the use of new variational quantum eigensolver (VQE) algorithms to characterize different lithium compounds and the chemical reactions that could be use in battery chemistry. There have been other quantum research projects announced in the past involving battery chemistry including one between IBM and Daimler and another one between Toyota and Qunasys, however IonQ indicated that their new project will be the most advanced model to date as measured by the number of qubits and gates used. In addition, the IonQ/Hyundai research will include other lithium-based battery chemistries, including Lithium-Oxide (or Lithium-Air), whereas the IBM/Daimler study [...]

D-Wave and Forschungszentrum Jülich announced that they have installed the latest D-Wave Advantage Performance quantum annealer at the Forschungszentrum Jülich Supercomputing Centre in Julich, Germany. This 5000 qubit machine is the first Leap™ quantum cloud-based system and quantum annealer located outside North America and will be available to European users at Forschungszentrum Jülich immediately in the cloud via Leap. Leap is the operating environment that D-Wave has developed for using their quantum annealers. Providing the capability of having cloud access to a quantum computer located in Europe, rather than North America, is viewed favorable by many European users. In addition, Forschungszentrum [...]

The new center, called the Dr. Allen and Charlotte Ginsburg Center for Quantum Precision Measurement, will add to Caltech's already substantial capability to perform research in quantum science and technology. It will be housed in a six-story building that will have two stories underground and include passageways to three adjacent research buildings on the Caltech campus to maximize collaborations between scientists. The center is being made possible with grants from The Sherman Fairchild Foundation and Dr. Allen and Charlotte Ginsburg. Activity at the center will focus on understanding quantum systems and their potential including quantum sensing, quantum information, and gravitational-wave detection. [...]

We reported in October 2020 about the formation of the QMware joint venture between Terra Quantum and Novarion to create an integrated hardware/software appliance called the Hybrid Quantum Cloud. They have now announced the opening of a Hybrid Quantum Cloud Data Center Alpha based upon the technology. They have made this available to European enterprises, scientific laboratories and institutions. Part of the motivation for this effort to provide a European alternative to U.S. dominated quantum cloud providers based upon a European standard called GAIA-X, a project for the development of an efficient and competitive, secure and trustworthy federation of data infrastructure [...]

Capgemini is a French multinational information technology (IT) services and consulting company headquartered in Paris, France. They have over 300,000 employees and reached €15.84 billion ($18B USD) in revenue in 2020. Their Quantum Lab (Q-Lab) will include facilities in the UK, Portugal, and India and they will work with clients in the areas of quantum computing, quantum communications, and quantum sensing. The key industrial sectors that they believe will benefit the most from quantum technologies include life sciences, financial services, automotive and aerospace. You can read Capgemini's news release announcing the launch of their Quantum Lab here. January 12, 2022

LG Electronics has joined the IBM Quantum Network in order to access IBM's quantum computing systems, quantum expertise, and Qiskit software development kit. They are joining 170 other organizations including ‎ LG Electronics, Fortune 500 companies, start-ups, academic institutions and research labs that are working with IBM. LG Electronics is a large South Korean multinational electronics company with 63 trillion Won ($52 Billion USD) in revenue and over 75,000 employees. They surely have a large number of potential applications in areas including big data, artificial intelligence, connected cars, digital transformation, IoT, and robotics that could be helped through the use of quantum [...]

SavantX has announced that they have worked with Fenix Marine Services to develop a quantum powered AI engine called HONE (Hyper Optimization Nodal Efficiency) that optimizes the logistics at the Pier 300 container terminal project at the Port of Los Angeles, one of the largest marine terminals in the US. The software runs on the D-Wave quantum annealer and optimizes scheduling, appointments, and in-terminal container handling for trucking companies and their customers. The software allowed the port to handle a record 903,000 TEUs (twenty foot equivalent unit, equivalent to one 20'x20'x8' shipping container) in October 2021. Coordinating all the many resources including [...]

The three universities will work together on cutting edge projects related to quantum technology. Some examples of specific research goals of MQC include creating new directions to exploit entanglement in inherently scalable systems, quantum sensing, and complex systems. Another key focus of this effort will be to prepare students with the necessary skills and knowledge to succeed in this sector. It is well understood that one of the big challenges to growing the quantum industry will be to find qualified personnel for a growing quantum workforce. The MQC will not only work to provide students with scientific training, but also help [...]

POLARISqb, a quantum software company based in Durham, North Carolina, will work with PhoreMost, a drug discovery company in the UK, to help find potential drug targets that have previously been considered undruggable. PhoreMost's SITESEEKER phenotypic screen platform identifies unexpected or “cryptic” druggable sites across the entire genome, within targets previously considered undruggable and then POLARISqb Tachyon™ quantum computing platform will use quantum algorithms to scan for billions of molecules from a large chemical space to find novel molecular drugs in minutes, rather than the months or years it would take for a classical supercomputer. The goal will be to discover [...]