Category Archives: Quantum Computer
Fujitsu and ANU to bring world-class quantum computing to Australia – Fujitsu
Memorandum of Understanding to drive local innovation and talent development Fujitsu Limited
Kawasaki and Sydney, July 4, 2024
Fujitsu today announced that Fujitsu Australia Limited and The Australian National University (ANU) in Canberra concluded a memorandum of understanding (MoU) to ensure that industry and government professionals, researchers, academics, and students in Australia will soon have access to a world-class quantum research facility. The agreement will see the two organizations partner to establish a center for quantum research, with ambitions to build an onsite quantum computer.
Aligning with Australias National Quantum Strategy to invest in, connect and grow Australias quantum research and industry to compete with the worlds best, the MoU sets out a long-term vision for how Fujitsu will partner with one of Australias leading tertiary educators to capitalize on the future opportunities and applications of quantum technologies for the benefit of local organizations and the global community.
Graeme Beardsell, EVP, Chief Executive Officer Oceania, at Fujitsu said: "At Fujitsu, we're innovating for the future of computing. Our investment in quantum research, coupled with strategic collaborations including with ANU, puts us at the forefront of the global race to develop the world's first fault-tolerant quantum computer. This is about more than just technology; it's about unlocking the next wave of innovation.
"Australia's commitment to quantum leadership is clear, and Fujitsu is playing our part. We're not just developing these technologies; we're sharing them, fostering collaboration, and believing that the next quantum breakthrough will come from a global, connected network of brilliant minds who are focused on developing technology for good."
As part of the collaboration, Fujitsu will provide ANU researchers and academics with access to Fujitsus quantum systems and simulators in Japan. To drive further innovation, Fujitsu, through collaboration with RIKEN, plans to release a 256-qubit quantum computer in March 2025 and a quantum computer with as many as 1000 qubits in fiscal year 2026 (1), cementing ANUs ongoing access to the latest in cutting-edge quantum technology.
Under the new collaboration, ANU will develop teaching and training modules based around access to Fujitsus quantum technologies to further inform the overall approach to research into quantum computing.
In addition to the exchange of knowledge, the endeavor will also aim to set up an on-site quantum computer at ANU to help local researchers, and government and industry professionals to develop expertise in quantum computers.
The on-site quantum computer will provide Australian professionals with access to local emerging technologies that will enable them to conduct advanced research in fields including cryptography, material science, and quantum simulations.
Professor Lachlan Blackhall, Deputy Vice-Chancellor (Research and Innovation) at The Australian National University said: This collaboration with Fujitsu complements and builds on the ANU mission to further higher education on emerging technologies including quantum computing and will help to foster the growth of a talented pool of quantum computing professionals in Australia.
ANU is excited to see this collaboration with Fujitsu, which promises to build on the Universitys strengths in quantum optical physics and quantum algorithms. More broadly, this dynamic collaboration and the work taking place as part of it will help grow the nations commitment to fundamental quantum physics, which is absolutely vital if we are to harness the incredible potential of research and apply it to real-world opportunities for the quantum world.
In addition to Fujitsus plans over the next two years to develop a 256-qubit and 1,000-qubit superconducting quantum computer with RIKEN, Fujitsu has developed quantum technologies and expertise including:
The Sustainable Development Goals (SDGs) adopted by the United Nations in 2015 represent a set of common goals to be achieved worldwide by 2030. Fujitsus purpose to make the world more sustainable by building trust in society through innovation is a promise to contribute to the vision of a better future empowered by the SDGs.
Fujitsus purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.7 trillion yen (US$26 billion) for the fiscal year ended March 31, 2024 and remains the top digital services company in Japan by market share. Find out more: http://www.fujitsu.com.
The Australian National University (ANU) is unlike any other university in Australia. Founded in 1946, in a spirit of post-war optimism, our role was to help realise Australia's potential as the world recovered from a global crisis. That vision, to support the development of national unity and identity, improve our understanding of ourselves and our neighbours, and provide our nation with research capacity amongst the best in the world, and education in areas vital for our future, has been our mission ever since.
Fujitsu Limited Public and Investor Relations Division Inquiries
All company or product names mentioned herein are trademarks or registered trademarks of their respective owners. Information provided in this press release is accurate at time of publication and is subject to change without advance notice.
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Fujitsu and ANU to bring world-class quantum computing to Australia - Fujitsu
The Novo Nordisk Foundation Believes Quantum Computing Poised to Revolutionize Healthcare & Drug Discovery – The Quantum Insider
The Novo Nordisk Foundation, under the leadership of Senior Vice President Lene B. Oddershede, is leading efforts to harness quantum computing for groundbreaking advances in life sciences and healthcare. In a recent interview, Oddershede shared her thoughts into the foundations ambitious quantum initiatives and their potential to transform medical research and drug discovery.
Oddershede talked about the foundations long-term commitment to quantum technology.
We understand we are in it for the long haul, she began. It does come tomorrow that we will have a quantum computer that is capable of solving real problems in the Life Sciences. We need to be patient, maybe for another ten years or so and thats actually totally fine. This approach aligns with the foundations experience in pharmaceutical development, where timelines often span decades.
The potential applications of quantum computing in life sciences are vast. Oddershede explained: I strongly believe that quantum computing is going to be such a powerful tool that it will help us get maybe even an AB initial understanding of how biomolecules work, maybe of how a cell works with the lipids with everything and that will give us an understanding of such fundamental and basic processes that will really impact a number of different areas.
Oddershede stressed the foundations long-term commitment to quantum technology.
One specific area where quantum computing could make a significant impact is in understanding complex enzymatic processes.
If you take nitrogenase, for example, its the enzyme that converts nitrogen into ammonia, a process essential for feeding the world. Industrially, this is done through the Haber process, which is extremely energy-consuming, said Oddershede, providing an example, potentially leading to more efficient and environmentally friendly ammonia production.
To advance quantum computing research, the Novo Nordisk Foundation has launched a major initiative. Oddershede revealed: The largest initiative we have supported to date is the NOA NIS Foundation quantum computing program, which we have funded with 200 million euros. The purpose of the program is to develop fault-tolerant quantum computing.
This program aims to achieve a trillion error-free operations, a significant milestone in quantum computing capabilities.
Recognizing the global nature of quantum research, Oddershede underlined the importance of international collaboration.
We need to collaborate with trusted partners, so we need to identify trusted partners and then we need to enter into a really deep collaboration with these partners, she said. The foundation has established partnerships with academic institutions worldwide and industry leaders like NVIDIA to foster innovation in quantum computing.
Looking to the future, Oddershede shared her vision for quantum computings impact.
My highest hope is actually that we will participate in and enable actually to accelerate the development of fault tolerant quantum computing for the benefit of all humankind and of the planet, she said.
She emphasized the importance of ensuring that quantum technology benefits society broadly, rather than being monopolized by a few large tech companies.
The Novo Nordisk Foundations initiatives promise to play a crucial role in unlocking its potential for life sciences and healthcare. With a focus on collaboration, long-term investment and societal benefit, the foundation is helping to pave the way for a future where quantum computing could revolutionize our understanding of biological processes and accelerate medical breakthroughs.
3 Quantum Computing Stocks to Sell in July Before They Crash & Burn – InvestorPlace
Source: Boykov / Shutterstock.com
Quantum computing could very well bring about a digital age greater than generative artificial intelligence (AI). For those unaware, quantum computing leverages quantum mechanics, the physics undergirding small particles, to solve problems that classical computers have a hard time getting through. Moreover, in classical computers, bits, which are the fundamental units of information, can only take the form of 0s and 1s, yet qubits can take either of those forms and can assume both states at the same time. Because classical computers are binary-based machines, they can struggle when performing extremely complex problem-solving, such as modeling the behavior of individual atoms or identifying subtleties in fraudulent financial transactions. Quantum computers are ideal for these problems. However, despite this technologys potential, there are quantum computing stocks to sell, as not all companies succeed long-term.
While start-ups firms leveraging innovative techniques to build scalable quantum computers for enterprises was a hot trade in 2023, the macroeconomic environment and a beleaguered economy has soured investor sentiment on start-up businesses in a novel field. Below are three quantum computing stocks to sell in July.
Source: Amin Van / Shutterstock.com
IonQ (NYSE:IONQ) has received a ton of attention from investors in the past twelve months. The firm develops and manufactures various quantum computing systems and has done so since 2015 with a firm commitment to innovation. To develop such advanced systems, IonQ leverages a trapped-ion system. The system traps ions from barium or ytterbium in an electromagnetic field that allows their ability to be harnessed for quantum computations. The Aria quantum system is IonQs latest quantum computer and boasts 25 qubits. While the quantum computing firm does manufacture and sell large quantum systems, the power of its existing computers is available on cloud services, including Amazon (NASDAQ:AMZN) Web Services, Microsoft (NASDAQ:MSFT) Azure and Alphabets (NASDAQ:GOOG, NASDAQ:GOOGL) Google Cloud.
IonQ had a runup in its share price due to more innovative advances as well investor hype around artificial intelligence and fields loosely related to it, particularly quantum computing. However, investors desiring concrete results and real use-cases for quantum computers have begun to shun the stock. IONQ has plummeted 43.3% since the start of 2024, and investor fatigue around AI could see shares fall even further in the near and medium terms.
Source: Shutterstock
Rigetti Computing (NASDAQ:RGTI) is another pure-play quantum computing startup. In particular, Rigetti specializes in designing and building quantum processors. As a vertically integrated company, Rigetti both owns and operates a wafer fabrication facility called Fab-1 that produces quantum processors. While the company came into inception in 2013, it begun to sell quantum processing power via cloud environments as early as 2017. Moreover, Rigetti had begun selling physical quantum computers towards the end of 2023. The companys most impressive advancement has been the building of the Ankaa-2 system which boasts 84 qubits and has processing power that is available through various cloud services.
However, similar to IonQ, Rigettis stock rallied amidst all the noise about novel technologies like generative AI. In the middle of March, Rigettis share price had risen more than 112% for the year, but shares have fallen precipitously since then. Trading at just above $1/share, Rigetti is increasingly looking like a bad investment, despite all of its innovations. Investors are beginning to focus on earnings quality, and because Rigetti is still a cash-burning startup, it will probably face a tough time getting more love from the market.
Source: Bartlomiej K. Wroblewski / Shutterstock.com
Quantum Computing (QCi) (NASDAQ:QUBT) is, as the name suggests, a quantum computing firm and specializes in creating affordable quantum systems. The startups focus on photonics has allowed it to create the QCi core technology, which leverages light as well as lights quantum mechanical properties as a tool for various quantum applications. Outside of developing hardware, QCi has built a key software platform, Qatalyst, which the company says has focused on agnostic enterprise software for quantum computing systems.
Unfortunately, the quantum computing firms stock has absolutely tanked. Now trading around $0.50/share, QUBT has plummeted 60.7% over the past 12 months and more than 90% if we zoom out over the past 3 years. Again, were dealing with a startup that is barely generating any sales or earnings, which has definitely hurt its long-term prospects in the eyes of investors.
Because quantum computing applications only serve the needs of research institutes and a select few enterprises, its hard to say when Quantum Computings growth will pick up.
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.
On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
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.
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3 Quantum Computing Stocks to Sell in July Before They Crash & Burn - InvestorPlace
3 Quantum Computing Stocks That Could Make Your Grandchildren Rich – InvestorPlace
For tech-centric investors, quantum computing stocks many offer the biggest bang for your buck. To make a long story short, the underlying innovation facilitates multiple processes to run simultaneously. Therefore, it can dramatically outperform some of the fastest and most rigorous classical computer available. It all centers on the qubit.
Similar to the bit in classical computers, a qubit represents the basic unit of information in quantum computers. What makes qubits distinct, though, is the concept of superposition. Essentially, this block of information can be represented as a 0 or 1 or any proportion of these two binary values in both states simultaneously.
A very rudimentary explanation is that classical computers represent the equivalent of a single-lane roadway. On the other hand, quantum computers represent multi-lane expressways. Multiple cars can zip along the expressway at high speeds, enabling for far greater utility than a single-lane roadway.
Again, thats a very basic analogy and oversimplifies the complex granularity involved. But this roughly addresses why the sector is so enticing. And with that, below are some of the top quantum computing stocks to consider.
Source: shutterstock.com/LCV
To be blunt, legacy tech giant IBM (NYSE:IBM) probably isnt going to make you rich, at least not in the 1,000% return over the course of a few years sense. Nevertheless, Id consider Big Blue to be one of the top quantum computing stocks for generational wealth. Thats because if history is any guide, IBM isnt going anywhere. Incorporated in 1911, its older than all of us and will likely outlive us.
Another aspect that makes IBM compelling is the underlying financial consistency. Youre probably not going to see too many remarkable results. However, in the past four quarters, the tech giant posted an average earnings per share of roughly $2.44. This print translated to an earnings surprise of almost 4.9%.
During the trailing 12 months (TTM), IBM posted net income of $8.15 billion or earnings of $8.82 per share. Revenue hit $62.07 billion. For the year, covering experts believe EPS may rise 3.3% to $9.94. On the top line, sales could see a 2% increase to $63.05 billion.
These arent standout stats. However, keep in mind that IBM offers a forward yield of 3.86%.
Source: Boykov / Shutterstock.com
Based in Berkeley, California, Rigetti Computing (NASDAQ:RGTI) falls under the computer hardware space. Per its public profile, Rigetti builds quantum computers along with superconducting quantum processors. Its an intriguing idea among quantum computing stocks, especially because it could be relatively undervalued. RGTI trades at 11.55X trailing-year sales. In the first quarter, it traded at 16.82X.
As exciting as Rigetti is, however, its undoubtedly a risky entity. During the past four quarters, its average loss per share came out to 13.3 cents. Further, the average earnings surprise landed at almost 4% below breakeven. Thats not exactly the most encouraging profile.
In the TTM period, Rigetti incurred a net loss of $72.53 million or 52 cents per share. However, revenue in the period reached $12.86 million. Whats more, the most recent quarterly sales growth rate (year-over-year) hit 38.7%.
For fiscal 2024, analysts see a mitigation in loss per share to 41 cents. More importantly, sales could rise 27.4% to land at $15.3 million. For those willing to throw caution to the wind, RGTI ranks among the quantum computing stocks to consider.
Source: Amin Van / Shutterstock.com
Another hardware specialist, IonQ (NYSE:IONQ) engages in the development of general-purpose quantum computing systems. In particular, the company utilizes its trapped-ion technology for its advanced systems. This innovation provides a key advantage related to qubit coherence and scalability. Basically, IonQ is attempting to build the foundation for large-scale quantum systems.
What makes IONQ stock especially enticing is that the underlying quantum computers are accessible through major cloud platforms. That should help overall visibility. However, investors shouldnt be under any misguidance: IONQ is a high-risk, high-reward endeavor. During the past four quarters, the company incurred a loss per share of almost 21 cents. The average quarterly surprise landed at 16.85% below parity.
In the TTM period, IonQ incurred a net loss of $170 million. However, revenue in the period hit $25.34 million. Further, the most recent quarterly sales growth rate clocked in at almost 77%. For fiscal 2024, the loss per share could expand unfavorably to 87 cents. However, revenue may fly 79.1% to $39.47 million. Bet on it only if you can handle the volatility risk.
On the date of publication, Josh Enomoto did 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.
A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.
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3 Quantum Computing Stocks That Could Make Your Grandchildren Rich - InvestorPlace
Biden administration is providing $504 million to 12 ‘tech hubs’ – Fortune
The Biden administration said Tuesday that it was providing $504 million in implementation grants for a dozen tech hubs in Ohio, Montana, Nevada and Florida, among other locations.
The money would support the development of quantum computing, biomanufacturing, lithium batteries, computer chips, personal medicine and other technologies.
The administration is trying to encourage moretechnological innovationacross the country, instead of allowing it be concentrated in a few metro areas such as San Francisco, Seattle, Boston and New York City.
The reality is there are smart people, great entrepreneurs, and leading-edge research institutions all across the country, Commerce SecretaryGina Raimondosaid in a call previewing the announcement. Were leaving so much potential on the table if we dont give them the resources to compete and win in the tech sectors that will define the 21st century global economy.
The money comes from the Commerce Departments Economic Development Administration. In October 2023, PresidentJoe Bidendesignated 31 tech hubs. Raimondo said the administration was pushing for more funding for the program so that all the designated tech hubs can get additional resources to compete.
The tech hubs receiving funding include:
$41 million for the Elevate Quantum Tech Hub in Colorado and New Mexico
$41 million for the Headwaters Hub in Montana
$51 million for Heartland BioWorks in Indiana
$51 million for the iFAB Tech Hub in Illinois
$21 million for the Nevada Tech Hub
$40 million for the NY SMART I-Corridor Tech Hub in New York
$44 million for ReGen Valley Tech Hub in New Hampshire
$45 million for the SC Nexus for Advanced Resilient Energy in South Carolina and Georgia
$19 million for the South Florida ClimateReady Tech Hub
$51 million for the Sustainable Polymers Tech Hub in Ohio
$51 million for the Tulsa Hub for Equitable & Trustworthy Autonomy in Oklahoma
$51 million for the Wisconsin Biohealth Teach Hub.
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Biden administration is providing $504 million to 12 'tech hubs' - Fortune
IBM partners with Japanese research institution to deliver 10000 qubit quantum computers – DatacenterDynamics
Japans National Institute of Advanced Industrial Science and Technology has partnered with IBM to develop a 10,000-qubit quantum computer.
According to a report from Nikkei Asia, the deal is expected to be finalized in the coming days, with the Tokyo-based institute and IBM set to sign a memorandum of understanding (MoU) before announcing the partnership.
The quantum computer is expected to be ready for use in 2029.
Under the terms of the MoU, the partners will also jointly develop semiconductors and superconducting integrated circuits necessary to build next-generation quantum computers, with hopes that Japanese manufacturers will start mass-producing parts in the country.
The institute has also pledged to train Japanese companies on how to use quantum computers.
In December 2023, IBM unveiled a host of new quantum hardware and software products, including a 133 fixed-frequency qubit processor dubbed IBM Quantum Heron and IBM Quantum System Two, the companys first modular quantum computer.
Meanwhile, in Japan, IBM has previously delivered an IBM Quantum System One to the University of Tokyo and last month, the company announced it would be deploying an IBM Quantum System Two quantum computer at the Riken Center for Computational Science in Kobe, Japan.
That quantum system, which is set to be powered by a Heron processor, will be colocated and integrated with the organizations existing Fugaku supercomputer, although a timeline for deployment hasnt been shared.
Riken has already deployed two Fujitsu-made quantum computers and has signed a deal to procure a system from Honeywells Quantinuum (in which IBM is also an investor).
Building quantum computers just got easier with new technique – Earth.com
Researchers have devised a new method of building quantum computers, creating and annihilating qubits on demand, using a femtosecond laser to dope silicon with hydrogen.
This breakthrough could pave the way for quantum computers that use programmable optical qubits or spin-photon qubits to connect quantum nodes across a remote network.
In turn, this creates a quantum internet that is more secure and capable of transmitting more data than current optical-fiber information technologies.
The research team, led by Lawrence Berkeley National Laboratory (Berkeley Lab), is the first to use this technique, which could enable the quantum computing industry to overcome challenges in qubit fabrication and quality control.
Quantum computers have the potential to solve complex problems in human health, drug discovery, and artificial intelligence millions of times faster than some of the worlds fastest supercomputers.
A network of quantum computers could advance these discoveries even faster. However, before that can happen, the computer industry will need a reliable way to string together billions of qubits or quantum bits with atomic precision.
Connecting qubits has been a challenge for the research community. Some methods form qubits by placing an entire silicon wafer in a rapid annealing oven at very high temperatures, resulting in qubits randomly forming from defects in silicons crystal lattice.
Without knowing exactly where qubits are located in a material, a quantum computer of connected qubits will be difficult to realize.
The new method uses a gas environment to form programmable defects called color centers in silicon. These color centers are candidates for special telecommunications qubits or spin photon qubits.
The method also uses an ultrafast femtosecond laser to anneal silicon with pinpoint precision where those qubits should precisely form.
As Kaushalya Jhuria is a postdoctoral scholar in Berkeley Labs Accelerator Technology & Applied Physics (ATAP) Division and first author on the study.
She explains, To make a scalable quantum architecture or network, we need qubits that can reliably form on-demand, at desired locations, so that we know where the qubit is located in a material. And thats why our approach is critical.
Once its known where a specific qubit is sitting, scientists can determine how to connect this qubit with other components in the system and make a quantum network.
During their experiments, the researchers uncovered a quantum emitter called the Ci center. Due to its simple structure, stability at room temperature, and promising spin properties, the Ci center is an interesting spin photon qubit candidate that emits photons in the telecom band.
We knew from the literature that Ci can be formed in silicon, but we didnt expect to actually make this new spin photon qubit candidate with our approach, Jhuria said.
The researchers learned that processing silicon with a low femtosecond laser intensity in the presence of hydrogen helped to create the Ci color centers.
Further experiments showed that increasing the laser intensity can increase the mobility of hydrogen, which passivates undesirable color centers without damaging the silicon lattice.
The team plans to use the technique to integrate optical qubits in quantum devices such as reflective cavities and waveguides, and to discover new spin photon qubit candidates with properties optimized for selected applications.
Now that we can reliably make color centers, we want to get different qubits to talk to each other which is an embodiment of quantum entanglement and see which ones perform the best. This is just the beginning, said Jhuria.
As Cameron Geddes, Director of the ATAP Division, states, The ability to form qubits at programmable locations in a material like silicon that is available at scale is an exciting step towards practical quantum networking and computing.
In summary, the research conducted by the Berkeley Lab team opens up exciting new possibilities for the future of quantum computing and networking.
By developing a method to create and control qubits with precision using femtosecond lasers and hydrogen doping, they have taken a significant step towards overcoming the challenges that have hindered the development of scalable quantum systems.
As the team continues to explore the potential of the Ci center and other spin photon qubit candidates, they bring us closer to realizing the full potential of quantum technology.
Their work lays the foundation for the creation of secure, high-capacity quantum networks and computers that could revolutionize fields ranging from healthcare and drug discovery to artificial intelligence and beyond.
The full study was published in the journal Nature Communications.
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Building quantum computers just got easier with new technique - Earth.com
Chinese scientists develop world-leading quantum computing thermometer – CCTV
An illustration of the chip component of quantum computer. /CFP
A significant leap forward in quantum computing technology has been achieved by researchers in China, as Anhui Quantum Computing Engineering Research Center announced that a high-performance anti-interference ruthenium oxide thermometer had been successfully developed by Chinese scientists, Science and Technology Daily reported on Sunday.
The thermometer developed by QuantumCTek, which boasts a starting temperature close to 6 millikelvin (mK), not only set a new record within Chinabut also marked a crucial step which places China's ultra-low temperature measurement technology for superconducting quantum computing at the forefront of global advancements.
A view of China's self-developed high-performance anti-interference ruthenium oxide thermometer for quantum computer. /Anhui Quantum Computing Engineering Research Center
Core component, crucial function
Ruthenium oxide thermometers play a vital role in quantum computers. They function by precisely measuring the temperature of the working environment within quantum chips.
As explained by technology expert Li Xufrom QuantumCTek, "absolute zero" (around minus 273.15 degrees Celsius), also known as 0 Kelvin, is often referred to as the "lowest temperature in the universe" and represents the theoretical limit for achievable thermodynamic temperatures.
Since quantum states are incredibly delicate, quantum chips require operation at conditions near "absolute zero." Even the slightest temperature fluctuation can lead to the loss of quantum information. Utilizing ruthenium oxide thermometers for accurate monitoring of a quantum chip's operating temperature is therefore essential for guaranteeing the stable operation of quantum computers and enhancing the accuracy and reliability of calculations performed by these powerful machines, said Li.
Wang Zhehui, deputy director of the Anhui Quantum Information Engineering Technology Research Center, hailed the new thermometer as a major step towards solidifying China's self-sufficiency and control over the entire superconducting quantum computing industry chain.
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Chinese scientists develop world-leading quantum computing thermometer - CCTV
Clinic, IBM and Hartree to Advance Healthcare with AI – Cleveland Clinic Newsroom
Cleveland and London:Cleveland Clinic, IBM and the Science and Technology Facilities Councils (STFC) Hartree Centre in the UK have announced an innovative collaboration aimed at advancing healthcare and biomedical science through advanced computing technologies, including artificial intelligence (AI) and quantum computing.
This international collaboration brings together a multidisciplinary team of scientists, clinical researchers and physicians from across industry, government and healthcare, said Lara Jehi, M.D., MHCDS, Chief Research Information Officer at Cleveland Clinic. The research teams will leverage high performance and quantum computing to advance life sciences, with the goal of improving healthcare and accelerating new treatments for patients around the world. Cleveland Clinic London will be a central link between innovative clinical care in the UK and Cleveland Clinics global footprint.
This partnership will play an important role in advancing research into the use of cutting-edge computation in healthcare and life sciences, said Alessandro Curioni, IBM Fellow and Director, IBM Research Zurich.We look forward to working with researchers from Cleveland Clinic London and the Hartree Centre to explore promising areas of discovery across quantum computing, AI and beyond.
Two clinical research projects have been launched to kick-start the new collaboration. They will be led by Dr. Jehi, an epilepsy researcher, and Charles Knowles, Ph.D., Chief Academic Officer at Cleveland Clinic London, working closely with teams from IBM and Hartree Centre. The projects will be supported by the Hartree National Centre for Digital Innovation, a collaboration between IBM and Hartree Centre.
The first project, led by Dr. Knowles and supported by the Hartree National Centre for Digital Innovation, will apply advanced AI tools to objectively quantify the impact of care on patients at Cleveland Clinic London. Researchers from IBM, Hartree Centre and Cleveland Clinic will examine how common hospital procedures affect a patient's overall health and quality of life, with the goal of enhancing patient outcomes.
Initially, the team will explore clinical and advanced imaging data provided by Cleveland Clinic London BioResource, a repository which provides patients with the opportunity to consent to enhanced longitudinal data collection and analysis. The researchers plan to use this pilot study to develop larger AI models that can integrate multiple types of data for analysis across different diseases, ultimately aiming to improve understanding and patient care.
Cleveland Clinic Londons BioResource is unique for a private healthcare provider in the UK in gaining research approval from the UKs National Research Ethics Service (Health Research Authority). The BioResource is one of 28 studies, including several NHS portfolio trials now open at Cleveland Clinic London with over 600 patients recruited so far. This year, Cleveland Clinic London will expand its clinical research studies and the number of patients enrolled in the BioResource.
The second project, led by Dr. Jehi in collaboration with IBM and the Hartree Centre, will apply quantum computing to analyze large-scale data sets to identify molecular features in the body that better predict surgical response in patients with epilepsy. The objective is to uncover novel biomarkers that can be used to personalize treatment plans and improve patient outcomes.
Epilepsy is the most common chronic noncommunicable brain disease, affecting more than 60 million patients worldwide. For approximately one-third of patients, anti-seizure medications are unable to control the disease and brain surgery offers the best chance for a cure.
Dr. Jehis project is an example of the cutting-edge biomedical research challenges now tackled at Cleveland Clinic through the organizations strategic partnership with IBM - Discovery Accelerator - which combines Cleveland Clinics renowned expertise in healthcare and biomedical research with IBMs next-generation technologies to accelerate research. Through the partnership, IBM last year deployed IBM Quantum System One at Cleveland Clinic, the first quantum computer in the world dedicated to healthcare research.
Dr. Jehi will be a featured speaker at the third annual Economist Impact Commercializing Quantum Global 2024 conference in London on June 6. Her project on leveraging quantum for the discovery of biomarkers of epilepsy brain surgery outcomes will be highlighted as an example of how quantum computing can be used to advance precision medicine.
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Clinic, IBM and Hartree to Advance Healthcare with AI - Cleveland Clinic Newsroom
How QRL Is Securing The Blockchain Of The Future – Benzinga
Technological innovation seems to be advancing at an accelerated pace, from artificial intelligence to blockchain to quantum computing but these technological advancements can be leveraged by bad actors as well, bringing their own risks that must be accounted for. Quantum computing and blockchain technology are set to collide soon, and the cryptocurrency industry must be prepared. Otherwise, these powerful next-generation computers stand to put digital assets and the blockchains that support them at risk.
One pioneering project that is helping prepare for this future is QRL, a blockchain and digital asset shielded by a post-quantum secure digital security scheme. In a nutshell, QRL has developed a decentralized ledger on which digital signatures on the blockchain are secure in a world where quantum computing exists.
Quantum computing is a field that blends computer science, physics and mathematics while harnessing quantum mechanics to solve complicated problems. It does so in a more efficient manner than traditional computers ever could.
Quantum computers are designed to solve problems in seconds that would take even the world's fastest supercomputer billions of years to tackle , and their mainstream adoption is near on the horizon. They can carry out many computations while simultaneously considering several different configurations, making them exponentially faster than traditional computers. They will not replace legacy computers, but they are expected to be the go-to machines for sophisticated technological advancements across sectors of the economy, enabling breakthroughs in fields from logistics to molecular engineering.
Business investments in quantum computers are growing by leaps and bounds in areas ranging from electric vehicle batteries to the blockchain. While still in their infancy in terms of scale, quantum computers have been proven to work. For example, Google's 54-qubit Sycamore processor completed a computation in 200 seconds that would have taken the most powerful classical computer in the world 10,000 years. According to a report by IBM, cryptographic protocols can be solved within a few hours with quantum computers. Blockchain networks are buttressed by cryptography, which is the link through which digital signatures are assigned to messages on the network.
As such, the nearing of quantum computing adoption has revealed vulnerabilities that exist in high-tech innovations like blockchains, for which security and integrity are of the utmost importance.
Blockchains are built to be inherently secure, owing to the decentralized nature of ledgers combined with cryptography.
While this level of security is sufficient in a world of conventional computers, it has not yet been battle-tested against quantum computers, making the former "quantum insecure," reports QRL. As a result, the signatures protected from conventional computing power suddenly become vulnerable in the quantum-computing age.
The stakes are indeed high. Not only are both Bitcoin and Ethereum (which currently account for over 65% of all of the cryptocurrency market capitalization) vulnerable to a sufficiently powerful Quantum Computer, but Ethereum itself has over $90 billion locked up through all of the layer 2 applications building on it.
However, most crypto innovators are so busy building that many have not taken the time to recognize the threat quantum computing poses to the blockchain networks of tomorrow. According to a recent study by Deloitte, about 65% of all ether coins are vulnerable to a quantum attack, and this number has been continuously increasing. Enter The Quantum Resistant Ledger, which estimates that 99% of all blockchains and cryptocurrencies are vulnerable, and was created in response to the future threat posed by quantum computing to blockchain technology.
Quantum Resistant Ledger founder Dr. Peter Waterland, who is also a colorectal cancer surgeon, published a whitepaper for the QRL in 2016. In it, he identified how the Bitcoin and Ethereum blockchains were both fundamentally flawed. He explained how quantum computers stand to eventually decrypt the vital cryptography on which blockchains are dependent, which could lead to disaster for the industry and destroy any hopes of mainstream adoption.
But he didn't only name the problem. Dr. Waterland also proposed a solution, which
lies in the project he formed nearly 6 years ago now.
The Quantum Resistant Ledger harnesses the NIST-approved XMSS encryption instead of the standard elliptical curve cryptography (ECC) for digital signatures on the blockchain. Unlike ECC, which is expected to be broken at some stage owing to the power of these Quantum Computers, XMSS is mathematically provably secure.
The XMSS algorithm underpinning QRL is a forward-secure signature scheme that is designed to make blockchains "future-proof and to ensure their security even in the light of practical quantum computers," as noted in Yale research.
Consider supporting the network and running your own node on the Quantum Resistant Ledger.
In addition to Dr. Waterland, the QRL project is also led by J.P Lomas in the capacity of technical advisor. The development team is spearheaded by Dubai-based Kaushal Singh, while the wider non-tech team is spread across the UK, the United States and Canada. The project has had a low profile until now, as the team has had their noses down while focusing on the development of their revolutionary ledger technology prioritizing development at the expense of marketing.
Now that the project has matured more, it is ready for the limelight. QRL is gearing up for the release of its Go Zond project, a proof-of-stake blockchain that is set to make its debut in Q3/Q4 2024. QRL says this platform is not only provably secure against quantum computing but will also enable Ethereum Virtual Machine contracts, meaning that contracts written on the Ethereum blockchain will be easily portable to the QRL.
QRL invites you to become part of their growing community and be part of the next generation of blockchain technology.
Featured photo by TheDigitalArtist on Pixabay.
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How QRL Is Securing The Blockchain Of The Future - Benzinga