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Qubit Pharmaceuticals and Sorbonne University Reduce Number of Qubits Needed to Simulate Molecules – HPCwire
PARIS, July 11, 2024 Qubit Pharmaceuticals , a deeptech company specializing in the discovery of new drug candidates through molecular simulation and modeling accelerated by hybrid HPC and quantum computing, announced that it has drastically reduced the number of qubits needed to compute the properties of small molecules with its Hyperion-1 emulator, developed in partnership with Sorbonne Universit. This world first raises hopes of a near-term practical application of hybrid HPC quantum computing to drug discovery. As a result of these advances, Qubit Pharmaceuticals and Sorbonne Universit are announcing that they have been awarded 8 million in funding under the France 2030 national plan for the further development of Hyperion-1
Worlds highest performing quantum chip unveiled by Oxford Ionics – Interesting Engineering
A new high-performance quantum chip built by Oxford Ionics, a spinoff from the University of Oxford, has broken previous records in the quantum computing domain. The achievement is commendable since error correction was not used during the process, and the chip can also be manufactured at existing semiconductor fabs. The company expects a useful quantum computer to be available to the world in the next three years
Colorado leads the world in quantum tech. Now its potential is growing. – Denver 7 Colorado News
BROOMFIELD, Colo. In an unassuming brick building in northern Colorados City of Broomfield, a new technology is harnessing the power of the very smallest particles and waves to solve our biggest problems. On small golden chips, tiny particles known as quantum bits or qubits are trapped above the surface
Treasure Hunt: 3 Quantum Computing Stocks Wall Street Hasnt Discovered Yet – InvestorPlace
Quantum computing is making notable strides, positioning itself as a compelling sector for investment. These advancements are expected to drive interest in quantum computing stocks, as the industry progresses from research and development. For quantum computing stocks, last year was marked by some significant developments.
planqc Secures 50M Series A Funding to Advance Atom-Based Quantum Computing – HPCwire
July 8, 2024 planqc, a European leader in digital atom-based quantum computing, today announced securing 50 million (~US$54.17 million) in Series A funding. This significant investment round is led by the European Family Office CATRON Holding and the DeepTech & Climate Fonds (DTCF). Additional support comes from Bayern Kapital, the Max-Planck Foundation, and private investors, including UVC and Speedinvest
EDF, Alice & Bob, Quandela, and CNRS team up to enhance quantum computing efficiency – Research & Development World
French electric utility outfit EDF is partnering with quantum computing firms Quandela and the quizzically-named Alice & Bob, alongside the French National Centre for Scientific Research (CNRS), to enhance energy consumption in quantum computing. With the support of grant money from the public investment bank Bpifrance, the 6.1M initiative will also compare the energy requirements of quantum and classical high-performance computing systems
Riverlane Releases Three-year Quantum Error Correction Roadmap – The Quantum Insider
Insider Brief PRESS RELEASE Riverlane, the global leader inquantum error correctiontechnology,has released its groundbreaking three-year roadmap for itsQuantum Error Correction Stack, Deltaflow, starting in 2024 and culminating in a system where quantum computers can run one million (Mega) error-free Quantum Operations (QuOps) by 2026. Today, the worlds best quantum computers can perform at most a few hundred quantum operations before failure. This must scale to a million and, ultimately, trillions of operations tounlock the transformative real-world applications that can open a new age of human progress.
Quantum Computing Industry to Witness Massive Growth – openPR
DataM Intelligence has published a new research report on "Quantum Computing Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers
CMA CGM Group Invests in Pasqal, Companies to Explore Quantum Computing For Optimizing Maritime And Logistics Operations – The Quantum Insider
Insider Brief PRESS RELEASE The CMA CGM Group, a global player in sea, land, air and logistics solutions, announces a strategic partnership with Pasqal, a world leader in neutral atom quantum computing.
Simulating the universes most extreme environments with utility-scale quantum computation – IBM
The Standard Model of Particle Physics encapsulates nearly everything we know about the tiny quantum-scale particles that make up our everyday world.