planqc and d-fine win Contract From Quantum Computing Initiative of The German Aerospace Center  The Quantum Insider

Go here to see the original:

planqc and d-fine win Contract From Quantum Computing Initiative of The German Aerospace Center - The Quantum Insider

Agreement includes KQC offering IBM software and new AI infrastructure capabilities as well as IBM's next-generation quantum computing architecture

BUSAN, South Korea, Jan. 29, 2024 /PRNewswire/ -- IBM (NYSE: IBM) today announced that Korea Quantum Computing (KQC) has engaged IBM to offer IBM's most advanced AI software and infrastructure, as well as quantum computing services. KQC's ecosystem of users will have access to IBM's full stack solution for AI, including watsonx, an AI and data platform to train, tune and deploy advanced AI models and software for enterprises.

KQC is also expanding its quantum computing collaboration with IBM. Having operated as an IBM Quantum Innovation Center since 2022, KQC will continue to offer access to IBM's global fleet of utility-scale quantum systems over the cloud.Additionally, IBM and KQC plan to deploy an IBM Quantum System Two on-site at KQC in Busan, South Koreaby 2028.

"KQC is providing versatile computing infrastructure in Korea through our collaboration with IBM. Our robusthardware computing resources and core software in quantum and AI are poised not only to meet the growing demand for high performance computing, but also to catalyze industry utilization and ecosystem development. We are working to diligently enhance services and infrastructure through this collaboration as well as with our industry-specific partners," said Ji Hoon Kweon, Chairman of KQC.

"We are excited to work with KQC to deploy AI and quantum systems to drive innovation across Korean industries. With this engagement, KQC clients will have the ability to train, fine-tune, and deploy advanced AI models, using IBM watsonx and advanced AI infrastructure. Additionally, by having the opportunity to access IBM quantum systems over the cloud, today and a next-generation quantum system in the coming years KQC members will be able to combine the power of AI and quantum to develop new applications to address their industries' toughest problems," said Daro Gil, IBM Senior Vice President and Director of Research.

This collaboration includes an investment in infrastructure to support the development and deployment of generative AI. Plans for the AI-optimized infrastructure includes advanced GPUs and IBM's Artificial Intelligence Unit (AIU), managed with Red Hat OpenShift to provide a cloud-native environment. Together, the GPU system and AIU combination is being engineered to offer members state-of-the-art hardware to power AI research and business opportunities.

To provide a full stack solution, this collaboration will also include access for KQC's clients to Red Hat OpenShift AI for management and runtime needs, and IBM's watsonx platform to empower generative AI and the next wave of computing technology. By leveraging watsonx software for its workflows and solutions, KQC members will have access to generative AI technologies for the enterprise.

In addition to IBM, KQC is also collaborating with other Korean organizations on contributions to the country's quantum computing ecosystem.

"KQC has beenactively building quantum research collaborations with leading domestic companies in the financial, bio-healthcare and pharmaceutical industries. Last year, Dankook University Hospital joined as a co-research member in quantum healthcare. Additionally, as members of our IBM Quantum Innovation Center, Hanlim Pharmaceutical Co., has started joint research for new drug discovery with us. And DNEURO, a Korean financial software start up is developing quantum algorithms in option pricing and portfolio optimization," said Dr. Joon Young Kim, CEO of KQC.

About IBM

IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs, and gain the competitive edge in their industries. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM's long-standing commitment to trust, transparency, responsibility, inclusivity and service.

Media Contacts:

Bethany Hill McCarthy, IBM Research [emailprotected]

Chris Nay, IBM Quantum [emailprotected]

SOURCE IBM

Visit link:

Korea Quantum Computing and IBM Collaborate to Bring IBM watsonx and Quantum Computing to Korea - PR Newswire

Researchers have developed a groundbreaking method to identify errors in quantum computers, greatly improving error correction efficiency. This advancement employs real-time error monitoring in quantum computations, marking a significant shift in quantum computing research. Credit: SciTechDaily.com

With a quick pulse of light, researchers can now find and erase errors in real time.

Researchers have developed a method that can reveal the location of errors in quantum computers, making them up to ten times easier to correct. This will significantly accelerate progress towards large-scale quantum computers capable of tackling the worlds most challenging computational problems, the researchers said.

Led by Princeton Universitys Jeff Thompson, the team demonstrated a way to identify when errors occur in quantum computers more easily than ever before. This is a new direction for research into quantum computing hardware, which more often seeks to simply lower the probability of an error occurring in the first place.

A paper detailing the new approach was recently published in the journal Nature. Thompsons collaborators include Shruti Puri at Yale University and Guido Pupillo at the University of Strasbourg.

Physicists have been inventing new qubits the core component of quantum computers for nearly three decades, and steadily improving those qubits to be less fragile and less prone to error. But some errors are inevitable no matter how good qubits get. The central obstacle to the future development of quantum computers is being able to correct for these errors. However, to correct an error, you first have to figure out if an error occurred, and where it is in the data. And typically, the process of checking for errors introduces more errors, which have to be found again, and so on.

Quantum computers ability to manage those inevitable errors has remained more or less stagnant over that long period, according to Thompson, associate professor of electrical and computer engineering. He realized there was an opportunity in biasing certain kinds of errors.

Not all errors are created equal, he said.

Researchers led by Jeff Thompson at Princeton University have developed a technique to make it 10 times easier to correct errors in a quantum computer. Credit: Frank Wojciechowski

Thompsons lab works on a type of quantum computer based on neutral atoms. Inside the ultra-high vacuum chamber that defines the computer, qubits are stored in the spin of individual ytterbium atoms held in place by focused laser beams called optical tweezers. In this work, a team led by graduate student Shuo Ma used an array of 10 qubits to characterize the probability of errors occurring while first manipulating each qubit in isolation, and then manipulating pairs of qubits together.

They found error rates near the state of the art for a system of this kind: 0.1 percent per operation for single qubits and 2 percent per operation for pairs of qubits.

However, the main result of the study is not only the low error rates, but also a different way to characterize them without destroying the qubits. By using a different set of energy levels within the atom to store the qubit, compared to previous work, the researchers were able to monitor the qubits during the computation to detect the occurrence of errors in real time. This measurement causes the qubits with errors to emit a flash of light, while the qubits without errors remain dark and are unaffected.

This process converts the errors into a type of error known as an erasure error. Erasure errors have been studied in the context of qubits made from photons, and have long been known to be simpler to correct than errors in unknown locations, Thompson said. However, this work is the first time the erasure-error model has been applied to matter-based qubits. It follows a theoretical proposal last year from Thompson, Puri, and Shimon Kolkowitz of the University of California-Berkeley.

In the demonstration, approximately 56 percent of one-qubit errors and 33 percent of two-qubit errors were detectable before the end of the experiment. Crucially, the act of checking for errors doesnt cause significantly more errors: The researchers showed that checking increased the rate of errors by less than 0.001 percent. According to Thompson, the fraction of errors detected can be improved with additional engineering.

The inside of the ytterbium-based neutral atom quantum computing system developed in Thompsons lab. Credit: Frank Wojciechowski

The researchers believe that, with the new approach, close to 98 percent of all errors should be detectable with optimized protocols. This could reduce the computational costs of implementing error correction by an order of magnitude or more.

Other groups have already started to adapt this new error detection architecture. Researchers at Amazon Web Services and a separate group at Yale have independently shown how this new paradigm can also improve systems using superconducting qubits.

We need advances in many different areas to enable useful, large-scale quantum computing. One of the challenges of systems engineering is that these advances that you come up with dont always add up constructively. They can pull you in different directions, Thompson said. Whats nice about erasure conversion is that it can be used in many different qubits and computer architectures, so it can be deployed flexibly in combination with other developments.

Reference: High-fidelity gates and mid-circuit erasure conversion in an atomic qubit by Shuo Ma, Genyue Liu, Pai Peng, Bichen Zhang, Sven Jandura, Jahan Claes, Alex P. Burgers, Guido Pupillo, Shruti Puri and Jeff D. Thompson, 11 October 2023, Nature. DOI: 10.1038/s41586-023-06438-1

Additional authors on the paper High-fidelity gates with mid-circuit erasure conversion in a metastable neutral atom qubit include Shuo Ma, Genyue Liu, Pai Peng, Bichen Zhang, and Alex P. Burgers, at Princeton; Sven Jandura at Strasbourg; and Jahan Claes at Yale. This work was supported in part by the Army Research Office, the Office of Naval Research, DARPA, the National Science Foundation, and the Sloan Foundation.

Read more from the original source:

Finding and Erasing Quantum Computing Errors in Real-Time - SciTechDaily

QuSecure Uniquely Offers Quantum Resilient Platform Deployment Expertise to Discussion to Further the Development and Adoption of PQC

SAN MATEO, Calif., January 31, 2024--(BUSINESS WIRE)--QuSecure, Inc., a leader in post-quantum cryptography (PQC), today announced it was invited to participate and contribute to a key White House Quantum Security Roundtable discussion to consider and help influence the impact from quantum computing on information security. QuSecure offered its unique, customer-driven experience in creating and implementing PQC solutions in both enterprise and government environments to the White Houses discussion around the looming post-quantum cybersecurity threat.

"The event was a success and I congratulate the government for collaborating with industry on attempting to address an existential threat," said Aaron Moore, QuSecure EVP of Engineering. "We know that nation states are currently harvesting exabytes of encrypted data that are vulnerable to decryption once a cryptographically relevant quantum computer (CRQC) comes online. The exposure and exploitation of this information and the surprise it creates will be equivalent to what will be in essence the worlds greatest recorded ambush."

During the Jan. 26 PQC Migration Roundtable, organized by the Office of the President of the United States and the White House, it was stated that "confidentiality of ephemeral sessions (e.g. TLS) should be the highest priority due to the relative ease of the transition and the threat of store-now-decrypt-later."

Moore also added: "What we need is immediate action. We should incorporate the current PQC algorithms into our systems now by overlaying them on our current cryptographic modules. At worst we have the same level of security that we have today, and at best we become quantumresilient and begin to future proof our national security."

QuSecure recently won Small Business Innovation Research (SBIR) awards from the U.S. Air Force and the U.S. Army, reinforcing its commitment to work with the federal government. These are examples of QuSecures leadership and innovation in PQC, a testament to the necessary collaboration between the federal and private sector to quickly and efficiently develop solutions to protect against the emerging threats from AI and quantum computing. This collaboration has been echoed by QuSecures co-founder and Chief Product Officer Rebecca Krauthamer, who is a member of the World Economic Forum (WEF) Global Futures Council on Quantum. While at the World Economic Forum in Davos earlier this month, Krauthamer said that QuSecure and "the Council help to set the Davos agenda, driving policy and change we collectively need to capitalize on the good while preventing the bad that technology acceleration can bring."

Story continues

QuSecures QuProtect software enables organizations to leverage quantum-resilient technology and is currently available to test and deploy, helping to prevent todays cyberattacks, while future-proofing networks and preparing for quantum cyberthreats. It provides quantum-resilient cryptography, anytime, anywhere and on any device including network, cloud, IoT (Internet of Things), edge devices, and satellite communications. Using QuProtect, organizations can implement PQC on the network without removing existing encryption so installation is fast and risk is minimal. QuProtect software uses an end-to-end quantum-security-as-a-service architecture that addresses the digital ecosystems most vulnerable aspects, uniquely combining zero-trust, next-generation post-quantum cryptography, crypto agility, quantum-strength keys, high availability, easy deployment, and active defense into a comprehensive and interoperable cybersecurity suite. The end-to-end approach is designed to protect the entire information lifecycle as data is communicated, used and stored.

About QuSecure

QuSecure is a leader in post-quantum cybersecurity with a mission to protect enterprise and government data from quantum and classical cybersecurity threats. Its quantum-safe solutions provide an easy transition path to quantum resiliency across any organization. The companys QuProtect solution is the industrys first PQC software-based platform uniquely designed to protect encrypted communications and data with quantum-resilience using a quantum secure channel. For more information visit http://www.qusecure.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240131064996/en/

Contacts

Dan Spalding dspalding@qusecure.com (408) 960-9297

The rest is here:

QuSecure Contributes to White House Quantum Security Roundtable Addressing the Post-Quantum Cybersecurity Threat - Yahoo Finance

Picture a computer that doesnt just crunch numbers, but juggles possibilities like a cosmic circus. Thats the essence of quantum computing, a realm where the bizarre rules of the quantum world unlock mind-bending computing power. Buckle up, because were about to embark on a journey through superpositions, qubits, and the potential to rewrite the future of technology.

But before we blast off, lets set the scene. Imagine a normal computer bit like a light switch. Its either on (1) or off (0) simple, right? Now, enter the quantum realm, where things get a little weirder. Here, qubits are like those fancy dimmer switches. They can be on, off, or anywhere in between, all at the same time! This weirdness is called superposition, and its the key to quantum computings superpower.

So, how does this magic translate to superpowered calculations? Imagine trying every combination of a lock at once. Thats kind of what qubits do for certain problems. They can explore multiple solutions simultaneously, making them incredibly fast for tasks like:

But this journey isnt without its twists and turns. Quantum computers are still in their early stages. Think of them like the first, clunky computers of the 1940s lots of potential, but not quite ready for your daily tasks. Right now, theyre mostly used for research and development, with companies like Google, IBM, and Microsoft racing to build bigger and better machines.

So, what does the future hold? Buckle up, because its a wild ride! Quantum computing could revolutionize fields like:

But its not all sunshine and rainbows. Quantum computing also raises important questions about:

The bottom line? Quantum computing is a game-changer with the potential to rewrite the rules of technology. Its a complex journey, but one filled with incredible possibilities. So, keep your curiosity sharp, and stay tuned for the next chapter in this fascinating story!

I hope to continue writing about cool techy stuff like this. If you enjoyed this please consider liking it thanks! 🙂

Go here to read the rest:

Decoding the Quantum Puzzle: A Deeper Dive into the Future of Computing - Medium

Cybersecurity professionals must guard against growing threats in increasingly complex environments. Modern architectures and defence-in-depth strategies place particular emphasis on digital identity as a key component of this defence.

Trending approaches such as Zero Trust Network Architecture (ZTNA), hybrid cloud, Internet of Things (IoT), and even Web3 depend on digital identity to remain secure and functional.

However, most security professionals dont know about the looming threat to modern encryption and digital identity posed by quantum computers. Quantum computers stand to change computing architectures capabilities, bringing them many wondrous benefits.

However, their advanced capabilities include the looming ability to break the RSA and ECC encryption algorithms that are the foundation of our secure computing networks. What was once a theoretical field of research is now an engineering challenge. There is no doubt that quantum computers will become commercially viable and practical it is now just a matter of when.

In the UK particularly, were seeing a rising influence from both the public and private sides to make quantum computing a reality. In the chancellors recent statement, they confirmed the UK Governments Quantum Strategy outlined earlier this year. While commendable, his earnestness in the ten-year Quantum Plan falls short regarding a sustained commitment to safeguarding encryption security.

The contradiction is evident while the remarkable processing power of quantum holds boundless potential, it simultaneously poses a significant threat to the foundation of all encryptions.

This is why we must not forget the security challenges associated with this advanced technology. If a country does develop a quantum computer capable of breaking current encryption methods, it would likely keep it a closely guarded state secret, as the UK did when it broke the Enigma code during World War II.

This is the quantum paradox unprecedented computing benefits balanced by the ability to break encryption codes and protocols that the digital economy relies on. Businesses Ignore either side of this coin at their own peril.

For this reason, businesses must take proactive measures to prepare for the inevitable transition to quantum-safe algorithms before it is too late.

With the quantum computing era fast approaching, 2024 will see enterprises and governments preparing for this new computing paradigm.

As quantum computers will inevitably break the cryptographic foundation stones of our modern digital systems, the United States National Institute of Standards and Technology (NIST) has been leading a multi-year process to discover, test, and settle on new, post-quantum encryption algorithms for the world to use.

Expect to see widespread adoption of post-quantum cryptography, increased investments in quantum-safe solutions, and substantial mindshare given to making sure critical infrastructure, intellectual property, and sensitive systems have migration plans. Those caught unaware by the sudden emergence of quantum computers able to unravel current encryption face catastrophe.

Transitioning core systems, encryption, and data to be quantum ready before these machines go online is now an urgent priority.

Organisations in every sector will feel pressure to begin the lengthy path to quantum readiness over the next year. If they are to ensure complete security with all devices, they must start planning accordingly, with at least two years advance in mind.

This is the average time needed for an entire organisation to safely and securely roll out these complete changes regarding quantum computing. In particular, financial services, government agencies, defence contractors, and companies with valuable IP have the most at risk and must start now.

IT departments must migrate to post-quantum cryptography (PQC) before quantum computers render all their encryption worthless, exposing their secrets to any sufficiently resourced attacker.

This change will require upgrading all software and hardware to PQC-compatible versions and migrating all digital certificates to new versions that enable PQC.

This transition will become a mainstream boardroom discussion. No longer a buzzword or a topic to be tabled, becoming crypto-agile to prepare for post-quantum encryption will be a key focus for the C-suite next year.

This shift has been supported by NISTs efforts to bring about quantum-resistant encryption and its impactful educational campaign on quantum computings threat to decryption. What was a theoretical discussion about decryption has become a mainstream business focus.

The migration to PQC does not necessarily require that you retire your existing hardware. Many systems will be able to accept software updates, allowing PQC algorithms to operate in place of RSA or ECC.

However, to do so, enterprises will still need the ability to apply patches comprehensively and to change the certificates they manage throughout their infrastructure.

Given quantum computings rapid development, many new IoT devices, services, and applications that are being developed must begin adopting quantum-safe PKI. IoT devices that will be in the field for at least ten years should be prioritised in having these measures embedded so they remain secure and are not compromised by evolving quantum-based attacks.

In addition to tremendous promise, quantum computing presents us with phenomenal risk. Addressing the threat quantum computers pose to traditional encryption will require the wholesale changeover of supporting software and hardware.

Prepare your organisation now before the quantum era leaves you exposed. 2024 is the year when quantum readiness becomes both a competitive advantage and an existential requirement.

See the article here:

2024: The year of quantum computing - Innovation News Network

LEESBURG, Va., Jan. 31, 2024 /PRNewswire/ -- Quantum Computing Inc. ("QCi", "we", "our" or the "Company") (Nasdaq: QUBT), an innovative quantum optics andnanophotonics technology company,today announced new leadership appointments as the Company readies for an active 2024 with an anticipated market-disruptive product release schedule. William (Bill) J. McGann, Ph.D., a globally recognized leader in commercialization of innovative technology, has been appointed CEO of Quantum Computing Inc. Dr. McGann succeeds QCi's co-founder Robert Liscouski who remains Chairman of the Board to help oversee the Company's growth and expansion.

Dr. McGann has a decade-long track record for transforming credible science into practical technology in steps of innovation, engineering, and leadership. In his role as QCi's CTO, Dr. McGann has driven the launch of QCi products in the areas of quantum optimization machines, reservoir computing for AI, quantum remote sensing, and quantum random number generation in 2023. Bill and the team are leading the charge in the Company's mission to provide "accessible and affordable" quantum technology to the world. Over the course of his professional career, Dr. McGann has held numerous business and technology leadership positions.

Dr. McGann began his entrepreneurial journey in 1990, where he was a co-founder of a disruptive technology innovation company, Ion Track Instruments. There, he and the team created a revolutionary new explosives trace detection technology and methodology that is widely deployed around the world today. After successfully capturing a majority of the global market share in this industry, he sold Ion Track to GE and formed the GE Security business unit in 2002, where he continued to create new technologies to further grow the industry. Since then, Dr. McGann has led and driven innovative product design in several businesses, both large and small, which include United Technologies, Implant Sciences Corporation, L3 Harris Corp., and then Leidos as CTO of the Security and Automation division.

Dr. McGann received his Ph.D. in Chemical Physics from the University of Connecticut and holds undergraduate degrees in both chemistry and biology. He has authored over 70 research proposals (SBIR) for the U.S. government, dozens of scientific publications, and 26 patents in the areas of nuclear, chemical and biological detection technologies.

Commenting on Dr. McGann's appointment, Robert Liscouski, co-founder and Chairman of Quantum Computing Inc., shared, "Over the past six years, QCi has evolved into an innovative leader of nanophotonic quantum technologies. We believe we are about to revolutionize the market with another breakthrough technology that delivers processing power, accuracy and speed at minimal energy usage at a reasonable price as true to our mission of providing accessible and affordable quantum technology to the world. I am proud to have led QCi through inception to this inflection point where it is positioned for significant growth in 2024. While I will continue to be meaningfully engaged at QCi going forward, I believe it is time to pass the baton to the next phase of leadership to take this Company to the next level. Bill and the team are poised to introduce value-creation and cost-effective quantum technologies that will change the market as we know it today. We are fortunate to have the right combination of extraordinary talent with a passion and unwavering commitment to this company to carry us into the future."

Mr. Liscouski intends to use his more than 35 years of national security experience, including his service as the first U.S. Assistant Secretary forInfrastructure Protection of the U.S. Department of Homeland Security, President of Implant Sciences Corporation, Global Director of Information Assurance at the Coca-Cola Company, and a visiting fellow at the Center for Strategic and International Studies in Washington, D.C. to further support the Company's progress in commercializing its highly innovative technology, while providing strategic direction and corporate governance to grow shareholder value. In his role as Chairman, Mr. Liscouski will remain active in guiding the business strategy and direction.

Dr. McGann added, "Bob has tirelessly led the business and accomplished much in his role as CEO and has built a solid foundation for QCi's success. As the new leader, I will leverage these accomplishments and progress to accelerate the Company's growth through the commercialization of our core technologies and continue to innovate and deliver important technologies for a better world consistent with our moto "Quantum Machines for a Brighter Future".

For additional information on the Company's suite of solutions, please visit our websiteor contact our team directly.

About Quantum Computing Inc. (QCi)

Quantum Computing Inc. (QCi) (Nasdaq: QUBT) is an innovative, quantum optics and nanophotonics technology company on a mission to accelerate the value of quantum computing for real-world business solutions, delivering the future of quantum computing, today. The company provides accessible and affordable solutions with real-world industrial applications, using nanophotonic-basedquantum entropy that can be used anywhere and with little to no training, operates at normal room temperatures, low power and is not burdened with unique environmental requirements. QCi is competitively advantaged delivering its quantum solutions at greater speed, accuracy, and security at less cost. QCi's core nanophotonic-based technology is applicable to both quantum computing as well as quantum intelligence, cybersecurity, sensing and imaging solutions, providing QCi with a unique position in the marketplace. QCi's core entropy computing capability, the Dirac series, delivers solutions for both binary and integer-based optimization problems using over 11,000 qubits for binary problems and over 1000 (n=64) qubits for integer-based problems, each of which are the highest number of variables and problem size available in quantum computing today.Using the Company's core quantum methodologies, QCi has developed specific quantum applications for AI, cybersecurity and remote sensing, including its Reservoir Photonic Computer series (intelligence), reprogrammable and non-repeatable Quantum Random Number Generator (cybersecurity) and LiDAR and Vibrometer (sensing) products. For more information about QCi, visitwww.quantumcomputinginc.com.

Important Cautions Regarding Forward-Looking Statements

This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. Those statements include statements regarding the intent, belief or current expectations of QCi and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.

QCi undertakes no obligation to update or revise forward-looking statements to reflect changed conditions. Statements in this press release that are not descriptions of historical facts are forward-looking statements relating to future events, and as such all forward-looking statements are made pursuant to the Securities Litigation Reform Act of 1995. Statements may contain certain forward-looking statements pertaining to future anticipated or projected plans, performance and developments, as well as other statements relating to future operations and results. Words such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," "aim to," or variations of these or similar words, identify forward-looking statements. These risks and uncertainties include, but are not limited to, those described in Item 1A in QCi's Annual Report on Form 10-K and other factors as may periodically be described in QCi's filings with the U.S. Securities and Exchange Commission.

View original content to download multimedia:https://www.prnewswire.com/news-releases/quantum-computing-inc-board-of-directors-appoints-dr-william-mcgann-as-the-companys-ceo-and-co-founder-robert-liscouski-as-chairman-of-the-board-302049813.html

SOURCE Quantum Computing Inc.

Originally posted here:

Quantum Computing Inc. Board of Directors Appoints Dr. William McGann as the Company's CEO and Co-Founder ... - Marketscreener.com

After ChatGPT and Generative AI,quantum computingmay be the field of research to bring about the next technological revolution in the 21st century. Quantum computing has the potential to solve complex problems that normally slow down classical computers, such as optimization, cryptography, machine learning, and simulation. This has led to this list of quantum computing stocks for January 2024.

While this kind of novel technology may still be in its infancy, investors desiring to invest in the up-and-coming technology should consider one of the following three quantum computing stocks with Strong Buy ratings from Wall Street analysts.

Source: Shutterstock

Rigetti Computing(NASDAQ:RGTI) is a pure-play quantum computing business thatisvertically integrated. This simply means the company is involved in both designing and manufacturing its multi-chip quantum processors. Rigetti uses superconducting circuits as qubits, which are fabricated on silicon chips and operate at near-zero temperatures.In order to get deliver its quantum computing capabilities to clients, Rigetti leverages cloud service networks, while also providing quantum software development tools as well as quantum hardware design and manufacturing.

Rigetti Computings financials show robust growth potential, as the companygenerated $13 millionin revenue in 2022, up 46% year-over-year. The quantum computing firms 2023 financials appear on the way to surpass 2022s numbers.RGTIs shares proved volatile in 2023. At one point, RGTI returned more than 200%, but the stock ended the year at only a 35% return. This makes it one of those quantum computing stocks for January 2024.

Wall Street analysts have given the stock a resounding Strong Buy rating, and while shares are only trading at above $1, interested investors should take the chance to buy shares now.

Source: Amin Van / Shutterstock.com

D-Wave Quantum(NYSE:QBTS) is the oldest and most established quantum computing company in the market. The company is the pioneer ofquantum annealing, a computing technique used to find the optimal solution for a given problem. D-Wave Quantum has built several quantum annealers withmore than 5,000 qubits, which allows greater potential for commercial applications.

D-Wave Quantum offers its quantum annealers and software tools through its own cloud platform, called Leap. QBTS also offers a suite of developer tools, called Ocean, which helps users design, develop and deploy quantum applications. The quantum computing company has a diverse customer base, includinggovernment agenciesas well as corporations.

Wall Streetanalysts expectD-Wave to generate more than $10 million in revenue at the end of 2023, which would represent a 47% YoY increase from the prior period. However, shares are down 32% over the past 12 months, so this could be a chance for investors to buy this stock at a lower price, as D-Wave Quantum has a strong competitive advantage in the quantum computing market.

Source: Sergio Photone / Shutterstock.com

Nvidia(NASDAQ:NVDA) was one of the best-performing stocks of 2023, with a staggering gain of more than 240% last year. The chip stock is already off to a great start in 2024, so much so that it could be another record year for Nvidias share price. Shares, thus far, have risen to an all-time high of $563.82/share. The chipmaker has been riding high on the booming demand for its AI solutions, which power some of the most advanced and popular applications in the world, such asOpenAIsChatGPT and other generative AI platforms.

However, Nvidia is also one of the key players in quantum computing, with itsTensor CoreGPUs used to power some of the most advanced quantum simulators and algorithms. Furthermore, Nvidia has developed its own quantum software development kit and platform calledcuQuantum, which leverages its CUDA programming model and libraries to enable developers to create and run quantum applications on Nvidia GPUs.

Wall Street remains bullish on Nvidia shares, rating the chipmakers stock as a Strong Buy. All in all, its one of those quantum computing stocks for January 2024.

On the date of publication, Tyrik Torresdid not have (either directly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.

Tyrik Torres has been studying and participating in financial markets since he was in college, and he has particular passion for helping people understand complex systems. His areas of expertise are semiconductor and enterprise software equities. He has work experience in both investing (public and private markets) and investment banking.

Read the original post:

Wall Street Favorites: 3 Quantum Computing Stocks with Strong Buy Ratings in January 2024 - InvestorPlace

US-based VCs are holding tight to a large amount of cash as they navigate a capricious startup environment and investment landscape. While deemed an important enough technology to warrant export restrictions, quantum computing is not high on the list of safe investment bets, and has also suffered from the drop in funding activity. However, across the pond, things are looking brighter for the European quantum ecosystem. That is according to a report released today by Finnish quantum hardware company IQM, along with VCs OpenOcean and Lakestar. The report analyses VC investment, government funding, as well as national quantum strategies. Globally, investment in quantum startups dropped from $2.2bn in 2022, to $1.2bn in 2023, plummeting a massive 80% in the US. However in the EMEA region, it instead grew by 3%. Quantum requires a patient kind of investor. Apart from a few cases where quantum computer companies have carved out a commercial niche for themselves in what is known as the NISQ (Noisy Intermediate-Scale Quantum) era, investors need to adjust their expectations on return timelines.

To fully realise the potential of quantum computing, investors have a once-in-a-lifetime opportunity to guide quantum startups in strategic areas of the ecosystem and contribute to quantums strategic global growth, Ekaterina Almasque, general partner at OpenOcean stated in the report. Meanwhile, she also added that profiting from this new paradigm of compute would require funders to replicate the success of far-seeing investors in companies like Intel, Arm, and Nvidia.

OpenOcean first invested in IQM for the companys $13mn seed round in 2019, and has also participated in subsequent rounds.

Most European countries have developed national quantum strategies by now. In addition, the EU has stated it wants to become the Quantum Valley of the world.

The <3 of EU tech

The latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now!

Some quantum computing centres in Europe include the House of Quantum in Delft, The Netherlands; Quantum Basel in Switzerland; VTTs technical research centre in Finland; and the Polish Pozna Supercomputing and Networking Center (PSNC). Furthermore, the UKs National Quantum Computing Center (NQCC) is scheduled to open later this year in Oxford. Speaking to Euractiv, Almasque said there is a strong correlation of the number of startups in those regions with the national labs, supported by a strategic approach across Europe. Basically, it [Europe] started slower to invest, but actually the investments are steadily growing, while in the US it started very sharply and then declined with a general drop in VC funding, Almasque told the publication.

The report predicts that the key areas for quantum in 2024 will be more on-premise as opposed to cloud access due to security concerns, high short-term costs for uptime on quantum computers vs. conventional HPC systems, the quantum readiness of teams in organisations, sustaining interest through strategic communication, and hybrid solutions for conventional and quantum computing systems.

Another key finding of the report was that interviewees believed that, while quantum machine learning should remain of importance, AI was cannibalising attention, investment, and interest away from quantum computing. Indeed, quantum technologies remain a niche sector, attracting only 1% of total VC funding. But for early movers, the returns could prove nothing short of astronomical. The global quantum computing market is predicted to grow from $9.3bn in 2022, to $203.1bn by 2032.

One of the themes of this years TNW Conference is TNT The Next in Tech: Igniting Tomorrows Techscape. If you want to go deeper into all things quantum and startups, or simply experience the event (and say hi to our editorial team), weve got something special for our loyal readers. Use the code TNWXMEDIA at checkout to get 30% off yourbusiness pass,investor passor startup packages (Bootstrap&Scaleup).

See more here:

Europe outpacing US on quantum investment, report finds - TNW

Acquired US-Based Integrated Photonics Division Strengthens Companys Immediate and Long-Term Roadmap in Quantum Computing

LONDON(BUSINESS WIRE)ORCA Computing, a leading quantum computing company, has announced the acquisition of the Austin, Texas-based Integrated Photonics Division of GXC. This division is known for delivering advanced photonics solutions to top U.S. commercial and government entities including the Defense Advanced Research Projects Agency (DARPA). Capitalizing on ORCAs momentum of market success through the deployment of four PT-1 quantum photonics systems in 2023, this acquisition leapfrogs the company ahead, bypassing years of investment in and exploration of traditional integrated photonics materials. It positions the company at the forefront of the worldwide race to deliver powerful, scalable quantum computers.

In connection with the acquisition, ORCA Computing acquired photonics-related assets of GXC, including intellectual property and existing technology. The Texas based team, bringing over a century of combined industry experience, will merge with ORCA Computings existing teams. Through this acquisition, ORCA will bring to market new and promising hybrid photonic materials, enhancing the performance of ORCAs current PT Series products and achieving significant progress toward scalable, fault-tolerant quantum computing in 2024, and beyond.

We are thrilled to welcome some of the best and brightest minds in integrated photonics to the ORCA family, expressed Richard Murray, PhD, Co-founder, and CEO of ORCA Computing. With this acquisition, we continue our strong track-record of success, pursuing and integrating cutting edge components to deliver the very best technology to our customers.

ORCAs timely absorption of an integrated photonics division that has expertise with novel materials represents a well-calculated move that could provide substantial capabilities in a key QC technology sector, stated Bob Sorensen, Senior Vice President of Research and Chief Analyst for Quantum Computing at Hyperion Research, LLC. ORCA Computing is positioning itself to face the challenges of effectively scaling quantum computing systems and leveraging low-loss integrated photonics smartly within their modular architectures. In doing so, the company has further positioned itself to be a leader in the market.

From the start, ORCA has experienced rapid growth and success. Beginning with being selected to lead the record 11.6 million grant project from the UK government to construct a quantum data center of the future. Since then, ORCA has subsequently achieved commercial success, providing PT Series units to customers such as the UK Ministry of Defence and the Poznan Supercomputing and Networking Center. Additionally, the company has undertaken numerous initiatives for major government and enterprise clients in the Energy, Defense, and HPC sectors.

Standing out among other quantum computing companies, ORCA Computing is selling real, scalable systems that can interoperate with classical HPC systems, said Steve Conway, Senior Analyst at Intersect360 Research. The addition of an in-house photonic integrated circuit design capability is a crucial differentiator for customers seeking commercially viable and performant quantum systems.

ORCA Computing has enhanced our scientific research and development by providing on-premises access to quantum computing technologies and extending our advanced photonic and quantum communication lab facilities, said Krzysztof Kurowski, Technical Director at Poznan Supercomputing and Networking Center in Poland. This strategic acquisition validates our choice of ORCA Computing, and we look forward to our collaboration as they evolve their forward-looking roadmap.

About ORCA Computing

ORCA Computing, established in 2019, is a leading developer and provider of full-stack photonic quantum computing systems. Originating from the University of Oxford, the company introduces an innovative approach to photonic quantum computing. Anchored in a modular optical fiber-based architecture, ORCAs proprietary methods of manipulating the time, frequency and switching of single photons paves the way for quantum computing using significantly fewer components.

Last year, ORCA made waves by supplying the UK Ministry of Defences first quantum computer, in addition to three other installations carried out in 2023. For more information, please visit http://www.orcacomputing.com.

Contacts

Juliet McGinnis

[emailprotected]

The rest is here:

ORCA Computing Leaps Forward in Quantum Computing Race with Acquisition - Silicon Canals