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Quantistry, a Berlin-based start-up specializing in cloud-native chemical simulation, and IQM Quantum Computers, a leader in quantum computing technology, have signed a Memorandum of Understanding (MoU) to explore hybrid classical-quantum solutions for the chemical and material industries. This collaboration aims to integrate IQM's advanced quantum systems into QuantistryLab, Quantistry's simulation platform, enhancing its efficiency and accuracy for industrial applications. Dr. Peter Eder, Head of Strategic Partnerships at IQM, highlighted the partnership’s potential to drive innovation and leadership in quantum computing, noting the importance of addressing industrial challenges. The collaboration will leverage IQM’s recently launched IQM Resonance cloud service, which provides easy [...]

The Bloch Quantum Tech Hub has been granted a $500,000 Consortium Accelerator Award by the US Department of Commerce’s Economic Development Administration (EDA). This funding will support the hub's ongoing initiatives to accelerate the adoption of quantum technologies across various industries. Led by the Chicago Quantum Exchange, The Bloch Quantum Tech Hub is a coalition involving Fortune 500 companies, quantum startups, top-tier universities, government entities, community colleges, and economic and workforce development organizations. Its mission includes addressing pressing societal challenges like financial fraud prevention, energy grid security, and the advancement of drug development. Recent collaborations highlight the hub's progress, including partnerships [...]

The Quantum Economic Development Consortium (QED-C) has released the report Quantum Technology for Securing Financial Messaging, which explores the role of quantum computing, networking, and communications in the financial sector. The report provides recommendations for federal agencies to support the transition to post-quantum cryptography (PQC) algorithms by sharing resources with financial institutions and providing grants for implementation. Financial institutions are urged to develop in-house quantum expertise to understand the benefits and risks of quantum technologies. This includes hiring quantum networking and security experts to inventory quantum-vulnerable cryptographic assets and implement PQC standards. The report advocates for a combined approach of Quantum [...]

Preeti Chalsani has been named the first Chief Quantum Officer at Intersect Illinois, starting August 14, 2024. Intersect Illinois a statewide economic development organization in the state of Illinois focused on bringing new businesses, jobs, and investment to Illinois. With the announcement of the Quantum Proving Ground with DARPA and the selection by PsiQuantum to locate a U.S. quantum data center in Chicago, the state government has a strong interest in attracting more quantum business development activity in the state. Dr. Chalsani will be leading this effort and will work with government, industry partners, quantum startups, researchers and others to help [...]

The UK government has announced over £100 million ($128.6 million USD) in funding for five new quantum research hubs aimed at delivering advancements in healthcare, cybersecurity, and transport. Located in Glasgow, Edinburgh, Birmingham, Oxford, and London, these hubs will develop practical quantum technologies, such as faster medical scanners, secure communication networks, and next-generation positioning systems. The areas each of these hubs will working and the university leading these hubs includes the following: UK Quantum Biomedical Sensing Research Hub - University College London and University of Cambridge UK Quantum Technology Hub in Sensing, Imaging and Timing - University of Birmingham Integrated Quantum [...]

Kipu Quantum, a German quantum software company, is advancing BASF’s logistics optimization using its novel quantum algorithms. By implementing a digital compression method, Kipu enhances the search for optimal solutions through quantum dynamics encoded into digital quantum computers. In collaboration with BASF, the world’s largest chemical company, Kipu addressed robot scheduling for laboratory floors and the traveling salesperson problem. Utilizing the Digitized Counterdiabatic Quantum Optimization (DCQO) approach, Kipu’s algorithms outperformed traditional methods like QAOA in these scenarios. Dr. Abhishek Awasthi, a quantum computing scientist at BASF, highlighted the advancements of DCQO, though noting further development is needed for business application. Daniel [...]

Rendering of the Illinois Quantum and Microelectronics Park. | Credit: Lamar Johnson Collaborative PsiQuantum announced a partnership with the State of Illinois, Cook County, and the City of Chicago to build a US-based utility-scale, fault-tolerant quantum computer at the former US Steel South Works site in Chicago. This project will anchor the newly established Illinois Quantum and Microelectronics Park (IQMP), enhancing the state’s quantum ecosystem, including UIUC, the University of Chicago, Argonne and Fermi national labs, and DARPA. Groundbreaking for the site is expected to happen in 2025 with several years of construction to follow. PsiQuantum already has plans on installing [...]

Classiq Technologies and QuEra Computing have announced a strategic collaboration to integrate QuEra’s neutral-atom quantum computers into the Classiq platform. This integration allows customers to optimize quantum and hybrid algorithms for QuEra’s advanced technology, leveraging features such as multi-qubit operations and qubit shuttling. Users will also have access to Classiq’s pre-written algorithmic blocks and resource estimation tools, enabling efficient algorithm creation. This integration is expected to accelerate quantum application development in fields like pharmaceuticals, finance, and logistics. Customers with on-premises computers can use the Classiq platform for rapid quantum algorithm development, showcasing the commitment of both companies to drive innovation and [...]