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How Does Quantum Computing Businesses?

how does quantum computing businesses?

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Quantum computing has remained a theory for decades, but it was only recently that a quantum computer was successfully built.

Fremont, CA: Although quantum computing sounds like science fiction, it is not far from being available to the mainstream, which will affect businesses. Quantum computers computing is much, much faster than traditional computing. It also allows for much more complex calculations that conventional computers cannot perform. The fact that quantum computing is becoming a reality means that many companies keep a close eye on developments. As it is a well-established fact that access to quantum computing would considerably improve the effectiveness and efficiency of their business practices.

While companies in specific industries will benefit from quantum computing for several particular reasons, quantum computing can help businesses as a whole in various ways.

Cryptography

Cryptography is one of the most significant advancements made in quantum computing. The traditional computers cannot be used to break encryption using large prime number factorization, whereas, with quantum computers, decryption will be incredibly simple. This means that it will be easier for businesses to protect their digital assets.

Data Analytics

Data analytics will significantly improve because quantum computing allows calculations to be made simultaneously. Businesses will …

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Why is Quantum Computing Gaining Popularity?

why is quantum computing gaining popularity?

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Businesses are seeing an increase in the competition for building a commercial quantum computer. Below given are a few of many trends to watch out in this decade.

FREMONT, CA: Recently, Google announced that achieving quantum supremacy will undoubtedly grab a lot of attention. Although there are a lot of questions about what the achievement means, businesses and academia will continue to make strides towards manufacturing a commercial quantum computer and refining quantum security techniques. The last decade was filled with significant trends, all of which will continue to play even now. In this decade, a new beginning, let’s read what might hold for quantum computing and its ecosystem of supporting technologies.

Firstly, the most discussed part is consolidation in quantum computing space. Quantum computing is an expensive proposition that the larger ones will likely acquire some of the smaller companies (like IonQ and Rigetti). Like the natural selection process, the most compelling movement will be swept up by the major operators in the field, like IBM, Google, and Microsoft. 

Secondly, QKD encryption plays a potential role in 5G. While 5G networks come online, the amount of personal information moving around will enhance, notably since the use of those 5G …

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UK investors bet on a deep tech boom after startups across automation, AI, and quantum computing raise $3.3 billion

Information Access and Management (IAM) Platform powers IAM Network - 60,000 + engaged information professionals worldwide.

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UK investors are putting more cash into ‘deep tech’ sectors such as artificial intelligence, quantum computing, and genomics. British deep tech startups raised 3 billion euros ($3.3 billion) in 2019, according to indicative Dealroom data.Venture capital investors say cheaper access and improvements in underlying technology make it easier to bet on deep technology startups.Deep tech investors hope to better commercialize research coming out of UK universities and partner with early-stage startups to help scale their operations — and maybe help build the next Google or Microsoft.Visit Business Insider’s homepage for more stories. 

Automation, artificial intelligence, quantum computing, fusion power, genomics. These are just some of the disparate areas of technology that fall under the bracket of deep tech, a growing area of interest for the UK’s venture capital investors. According to Dealroom data, investors poured 3 billion euros ($3.3 billion) into British deep tech startups in 2019, up from 2.4 billion euros ($2.7 billion) in 2018. While the UK led Europe in deep tech investment by amount, France, Germany, Israel each boasted deep tech investment of more than a billion euros in 2019 and look set to repeat the trend in 2020.Dealroom doesn’t specify its definition of “deep tech”, but the increased funding figure for 2019 is an indicator …

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Wiring a new path to scalable quantum computing

wiring a new path to scalable quantum computing

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Last year, Google produced a 53-qubit quantum computer that could perform a specific calculation significantly faster than the world’s fastest supercomputer. Like most of today’s largest quantum computers, this system boasts tens of qubits-the quantum counterparts to bits, which encode information in conventional computers.To make larger and more useful systems, most of today’s prototypes will have to overcome the challenges of stability and scalability. The latter will require increasing the density of signaling and wiring, which is hard to do without degrading the system’s stability. I believe a new circuit-wiring scheme developed over the last three years by RIKEN’s Superconducting Quantum Electronics Research Team, in collaboration with other institutes, opens the door to scaling up to 100 or more qubits within the next decade. Here, I discuss how.Challenge one: Scalability This schematic image of integrated superconducting qubits and their packaging,shows the qubits as green dots with rings, which are laid out on top of a silicon chip (in red). A number of holes through the chip electrically connect the top and bottom surfaces. The blue wires on top are circuit elements for the readout of the qubits. Coaxial wiring (with gold-plated springloaded pins) …

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Fermilab Scientists Publish Quantum Computing Course for High School Students

fermilab scientists publish quantum computing course for high school students

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July 2, 2020 — Fermilab regularly makes fundamental science discoveries and is a world leader in quantum physics. In 2019, it launched the Fermilab Quantum Institute, which conducts world-class research at the leading edge of quantum computing and information science, laying the groundwork for critical physics calculations to be performed on quantum computers. As such, Fermilab is an ideal place to bring together particle physics and quantum computing as two complementary fields.
Students in a trial classroom undertake the IBMQ exercises in May 2019. Image courtesy of Ranbel Sun, Fermilab.
During the summer of 2018, three of us in the Fermilab Theoretical Physics Department applied to mentor two high school teachers, Anastasia Perry and Ranbel Sun. With STEM education in mind, we thought this was an ideal opportunity to share the exciting and disruptive technology of quantum computing.
After surveying the available resources on quantum computing, we discovered that while popular science articles and advanced textbooks existed in abundance, the material for high school students was decidedly lacking.
We decided to fill the gap: During the summer, Anastasia and Ranbel met with us several times a week to discuss the foundations of quantum mechanics, quantum computing and how to best present this information to a high …

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QCI Enters Commercialization Phase as Only Public Pure-Play in Quantum Computing

qci enters commercialization phase as only public pure-play in quantum computing

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LEESBURG, Va., July 1, 2020 — Quantum Computing Inc. has entered the commercialization phase as the only public pure-play in the quantum computing space.
After hitting several major milestones, QCI has begun the official commercial launch of its Mukai quantum computing software execution platform. Last week, the company introduced a new trial access program that demonstrates the unique power of Mukai to solve real-world problems.
The trial enables developers and organizations to discover first-hand how they can migrate their existing applications to quantum-ready solutions today and realize superior performance even when running their solutions on classical (Intelor AMD processor-based) computers. The trial is designed to encourage and facilitate quantum application development to solve real world problems at breakthrough speed—and not tomorrow, but today.
Building the Team
Key to the company’s strategy has been the formation of an exceptionally talented technical team who represent the best-of-the-best. Midway through last year, QCI welcomed Michael Booth as its new chief technology officer and Steve Reinhardt as vice president of product development. They are both highly skilled and accomplished technology executives previously driving innovation at D-Wave Systems, the world’s first commercial supplier of quantum computers.
“There are only a handful of quantum software experts …

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Quantum Computing gains as it kicks off commercialization phase with its Mukai quantum computing software

quantum computing gains as it kicks off commercialization phase with its mukai quantum computing software

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Quantum Computing Inc (OTCQB:QUBT), an advanced technology company developing quantum-ready applications and tools, said Wednesday that it is set to gain as it has entered the key commercialization phase as the “only public pure-play in the quantum computing space.”

The Leesburg, Virginia-based company has kicked off the official commercial launch of its Mukai quantum computing software execution platform. Last week, the company introduced a new trial access program that demonstrates Mukai’s power to solve real-world problems.

Quantum’s stock recently traded 1.3% higher to $3.91 a share in New York.

READ: Quantum Computing launches free trial of Mukai quantum computing application platform

According to the company, the trial will enable developers to discover how they can migrate their existing applications to quantum-ready solutions and realize superior performance even when running their solutions on classical Intel or AMD processor-based computers.

“The trial is designed to encourage and facilitate quantum application development to solve real world problems at breakthrough speed — and not tomorrow, but today,” the company said in a statement.

Building the ace team

Quantum is staffed by experts in mathematics, quantum physics, supercomputing, financing and cryptography. Midway through last year, the company hired Michael Booth as its new chief technology …

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Menten.AI’s combination of buzzword bingo brings AI and quantum computing to drug discovery

menten.ai’s combination of buzzword bingo brings ai and quantum computing to drug discovery

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Menten AI has an impressive founding team and a pitch that combines some of the hottest trends in tech to pursue one of the biggest problems in healthcare — new drug discovery. The company is also $4 million richer with a seed investment from firms including Uncork Capital and Khosla Ventures to build out its business.
Menten AI’s pitch to investors was the combination of quantum computing and machine learning to discover new drugs that sit between small molecules and large biologics, according to the company’s co-founder Hans Melo.
A graduate of the Y Combinator accelerator, which also participated in the round, Menten AI looks to design proteins from scratch. It’s a heavier lift than some might expect, because, as Melo said in an interview, it takes a lot of work to make an actual drug.
Menten AI is working with peptides, which are strings of amino acid chains similar to proteins that have the potential to slow aging, reduce inflammation, and get rid of pathogens in the body.

“As a drug modality [peptides] are quite new,” says Melo. “Until recently it was really hard to design them computationally and people tried to focus on genetically modifying them.”
Peptides …

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