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Binance to Delist LINA/BTC Margin Trading Pair on June 19, 2024 – Blockchain News

Binance, a leading cryptocurrency exchange, has announced it will delist the LINA/BTC Cross and Isolated Margin trading pair, effective June 19, 2024, at 06:00 (UTC). This decision is part of Binance's ongoing effort to optimize its trading offerings and ensure a robust trading environment, according to Binance.

Starting June 18, 2024, at 10:00 (UTC), Binance Margin will suspend isolated margin borrowing for the LINA/BTC pair. Subsequently, on June 19, 2024, at 06:00 (UTC), Binance will close all users' positions, conduct an automatic settlement, and cancel all pending orders on the LINA/BTC Cross and Isolated Margin pair. Afterward, the pair will be removed from the Margin platform.

Users are advised to close their positions and transfer their assets from Margin Wallets to Spot Wallets before the delisting takes effect to avoid potential losses. Binance emphasized that users will not be able to update their positions during the delisting process and will not be held responsible for any losses incurred during this period.

Despite the delisting of the LINA/BTC pair, users can still trade LINA and BTC through other available trading pairs on Binance Margin. The exchange reassures that this move is aimed at maintaining a streamlined and efficient trading experience for its users.

Binance reiterated the importance of understanding the risks associated with margin trading. The exchange highlighted that digital asset prices are subject to high market risk and volatility. Users are urged to make informed trading decisions and consult independent financial advisers if necessary.

For more information, users can refer to Binance's Terms of Use and Risk Warning pages.

Binance remains committed to providing a secure and efficient trading environment, continuously assessing and adjusting its offerings to meet the needs of its global user base.

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Binance Margin Expands Trading Options with New FDUSD, USDC, and USDT Pairs – Blockchain News

Binance, one of the world's leading cryptocurrency exchanges, has announced the addition of new trading pairs for FDUSD, USDC, and USDT on its Margin platform. These pairs will be available on both Cross and Isolated Margin, according to an official announcement from Binance.

The introduction of these new pairs is part of Binance's ongoing efforts to enhance the user trading experience by continuously reviewing and expanding the list of trading choices offered on the platform. This move aims to provide users with greater diversification of their portfolios and increased flexibility in their trading strategies.

By adding FDUSD, USDC, and USDT pairs, Binance Margin seeks to offer more options for traders looking to leverage their positions and diversify their investments. The specific pairs added include:

Binance has also provided notes for users to consider:

Binance reserves the right to amend or cancel this announcement at any time without prior notice. Users are encouraged to stay informed about the latest updates directly from Binance's official channels.

Binance has issued a disclaimer regarding the high market risk and price volatility associated with digital assets. The value of investments may fluctuate, and users are solely responsible for their investment decisions. Binance is not liable for any losses incurred.

Investors are advised to carefully consider their investment experience, financial situation, investment objectives, and risk tolerance. Consulting an independent financial adviser is recommended before making any investment decisions. This material should not be construed as financial advice.

For more information, users can refer to Binance's Terms of Use and Risk Warning pages.

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Building the Next Generation of Computers with Quantum Emitters and Infrared Lasers – Securities.io

The history of computers is intertwined with the history of modern technology. It all began in the 19th century, when, in 1801, a French merchant and inventor, Marie Jacquard, invented a loom with punched wooden cards to automatically weave fabric designs.

However, the most significant progress in automated computing that century occurred when English mathematician Charles Babbage devised a steam-driven calculating machine capable of computing tables of numbers. The most groundbreaking 20th-century invention came in 1936 from Alan Turing, a British scientist and mathematician, who introduced a universal machine, later named the Turing Machine. Scientists assert that the concept of modern computers is fundamentally based on Alan Turing's ideas.

Since then, it has been a chain of progress. In 1939, David Packard and Bill Hewlett founded the Hewlett Packard Company, and in 1953, Grace Hopper developed the first computer language, COBOL, followed by John Backus and his team of programmers at IBM publishing a paper describing their newly created FORTRAN programming language.

The stream of inventions enriching computing technology over the years has focused on multiple aspects. Sometimes, it has been the development of a breakthrough language or software and, other times, crucial hardware. Such inventions continue to happen, helping to build the next generation of computers, something ably futuristic,' in the truest sense of the term.

In the following segments, we will look at two such inventions that involve Quantum Emitters and Infrared Lasers.

The achievement comes from a team of researchers led by Lawrence Berkeley National Laboratory (Berkeley Lab). The researchers claim to have emerged successful in their attempt to use a femtosecond layer to create and annihilate' qubits by doping silicon with hydrogen. The researchers emphasized that they could carry out this exercise on demand and with precision.

But, to be able to realize the significance of the research to its fullest, we must know what qubits are and why they are important!

Quantum computers could prove pathbreaking in their ability to solve problems a million times faster than some of the most advanced supercomputers currently available. These machines have the potential to usher in revolutionary breakthroughs in areas such as healthcare, pharmaceuticals, and artificial intelligence. But for all these to happen, the industry would have to devise a way to string together billions of qubits or quantum bits, leading to the ultimate development of a highly efficient network of quantum computers.

The research has now shown a way to empower quantum computers by using programmable optical qubits or spin-photon qubits' that can connect quantum nodes across a remote network.

While explaining the significance of the research and the results it obtained, Kaushalya Jhuria, a postdoctoral scholar in Berkeley Lab's Accelerator Technology & Applied Physics (ATAP) Division, made the following remark:

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 that's why our approach is critical. Because once we know where a specific qubit is sitting, we can determine how to connect this qubit with other components in the system and make a quantum network.

But how does the research achieve this objective? It does so by forming qubits in silicon with programmable control.

With support from DOE's Office of Science, the study used a gas environment to create programmable defects known as color centers in silicon. These color centers are candidates for spin photon qubits or special telecommunications qubits.

Quantum or qubit bit is a basic unit of quantum information. This smallest component of a quantum information system encodes data in 1, 0, or everything between them, which is known as superposition. Spin photon qubits, meanwhile, emit photons with the ability to carry information encoded in electron spin across large distances.

Now, to form these special qubits that can help support a secure quantum network precisely, the study utilized an ultrafast laser capable of emitting energy pulses in mere femtosecondseach pulse as brief as a quadrillionth of a second, targeted to an area no larger than a dust particle.

On probing the optical (photoluminescence) signals of the resulting color centers using a near-infrared detector with the purpose of characterizing them, the team found a Ci center, which is a quantum emitter. The Ci center has a simple structure and promising spin properties while being stable at room temperature, making it a pretty impressive spin photon qubit candidate that emits photons in the telecom or frequency band. According to Jhuria:

We knew from the literature that Ci can be formed in silicon, but we didn't expect to actually make this new spin photon qubit candidate with our approach.

Interestingly, increasing the femtosecond laser intensity when processing silicon in the presence of hydrogen can also increase hydrogen's mobility. This, in turn, passivates undesirable color centers while leaving the silicon lattice undamaged.

A theoretical analysis also confirmed the experiment observations that the brightness of the Ci color center can be enhanced substantially in the presence of hydrogen. As Jhuria explained, the laser pulses can not just kick out but also bring the hydrogen atoms back, allowing the programmable formation of desired optical qubits in precise locations.

Reliably making color centers is simply the beginning; now, the team wants to get different qubits to talk to each other and see which ones perform the best.

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.

Cameron Geddes, Director of the ATAP Division

The technique will next be used to incorporate optical qubits in quantum devices like waveguides as well as find new spin photon qubit candidates with properties optimized for selected applications.

The field of quantum computing has gained significant traction over the years, with researchers constantly working on finding new techniques to make it happen. Manipulating organic molecules is a field being studied for its potential application in quantum computing.

The team at TU Graz investigated how to stimulate competent molecules using infrared light pulses to create small magnetic fields. If this technique is further developed successfully in experiments, it can even be utilized in quantum computer circuits.

This is because selective manipulation of infrared light actually makes it possible to control the direction and strength of the magnetic field. Doing this converts molecules into high-precision optical switches, which can then even be used to build circuits for a quantum computer, according to Andreas Hauser from the Institute of Experimental Physics at TU Graz.

While interactions between molecular vibrations and spin magnetism are well-documented in microwave spectroscopy, this study proposes methods to actively excite molecular vibrations that generate a magnetic field at targeted locations.

When irradiated with infrared light, molecules start to vibrate due to the energy supply. Utilizing this phenomenon as the starting point, physicists started working on finding out if these vibrations could, in fact, be used to generate magnetic fields.

For their calculation, Hauser, along with his team, used metal phthalocyanines as an example. The team found that due to the high symmetry of these ring-shaped, aromatic planar dye molecules, they do generate tiny magnetic fields in the nanometre range (< 1 nm) when exposed to infrared pulses. Based on this, measuring the strength of the low but precisely localized field via nuclear magnetic resonance spectroscopy should be achievable.

Besides drawing on the work from laser spectroscopy's early days, the team also used modern electron structure theory on supercomputers to compute how macrocyclic phthalocyanine molecules act when exposed to light via circularly polarized infrared light.

The team found that circularly polarized light waves excite two molecular vibrations simultaneously at right angles to each other. Liking this to the rumba technique, Hauser explained:

The right combination of forwards-backwards and left-right creates a small, closed loop. And this circular movement of each affected atomic nucleus actually creates a magnetic field, but only very locally, with dimensions in the range of a few nanometres.

This is all just theoretical, though. The team will now work on proving that molecular magnetic fields can be generated in a controlled manner experimentally so that they can actually be utilized.

For the experiment, however, they need to identify a substrate that interacts minimally with the targeted processes since upcoming applications necessitate positioning the phthalocyanine molecule on a surface. Doing so, however, alters the physical conditions, which then impacts the excitation brought out by light and the magnetic field's characteristics.

So, before it can really be tested in experiments, the team has to first calculate the interplay between the deposited phthalocyanines, the infrared light, and the support material. If the experiment confirms the predicted changes in magnetic shielding constants, the study says, it can be seen as the first measurement of a magnetic field created vibrationally, with intramolecular resolution.

Click here to learn about Heron & Condor, the latest advancements in quantum computing.

There are several companies, such as Microsoft, Intel, and D-Wave, that are working on advancing quantum computing. IBM is a prominent name that has been focusing on quantum computing for many years now. Just recently, it partnered with Japan's National Institute of Advanced Industrial Science and Technology (AIST) to help the latter produce a quantum computer containing 10,000 qubits before this decade is over. So, amidst all this development, let's take a deeper look at some other important names in the sector:

The tech giant has been putting a lot of effort into building quantum computers for the past many years. Back in 2019, Google demonstrated for the first time that quantum computers could run an algorithm that would be impossible for a conventional supercomputer to tackle.

Last year, Google's Sycamore quantum processor was presented with 70 qubits, a leap from its previous version's 53 qubits. This makes it about 241 million times faster and more robust than the previous model. Google's new quantum computer, meanwhile, simulates the behavior of magnets in great detail and can help us gain a deeper understanding of magnetism.

In regards to quantum computing, Google uses a full stack approach, which encompasses the seamless integration of hardware and software components. The company is currently running a 3-year, $5M global competition called XPRIZE Quantum Applications to advance the field of quantum algorithms.

With a market cap of $2.2 trillion, Google shares are trading at $177.08, up 26.88% YTD. It has an EPS (TTM) of 6.52, a P/E (TTM) of 27.18, and a dividend yield of 0.45%. For Q1 2024, the company posted revenues of $80.5 billion, up 15% YoY, while its operating margin expanded to 32%.

This technology company has also begun taking some concrete steps in quantum computing. Recently, Dell introduced a hybrid classical/quantum platform developed with IonQ. It also announced a collaboration with Aramco to explore advancements in quantum computing, AI, and edge computing. Together, Aramco and Dell aim to address complex challenges in the fields of energy optimization, weather modeling, materials science, and predictive maintenance through quantum computing.

According to Dell Technologies Ireland MD Catherine Doyle, quantum computing will also help in AI advancements as it becomes intertwined in the near future.

With a market cap of $100.74 billion, Dell shares are currently trading at $144.50, up 85.66% YTD. It has an EPS (TTM) of 4.36, a P/E (TTM) of 32.55, and a dividend yield of 1.25%. For Q1 2024, the company posted $22.2 bln in revenues and $60 million in net income.

Quantum computing has been a growing area of interest for researchers, organizations, and governments. Due to its ability to offer fast speed, enhanced security, more efficiency, accurate simulation, and improved analysis, it makes sense that there has been an increased focus along with continued research and investment, which may finally see quantum computing becoming a reality and finding its application across sectors.

Click here to learn about the current state of quantum computing.

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Quantum Circuits Developing Quantum Software Platform With Built-in Qubit Error Detection – The Quantum Insider

Insider Brief

PRESS RELEASE Quantum Circuits, Inc., announced an integrated quantum software platform that paves the way for forthcoming hardware systems and accelerates the path to commercial-ready, fault-tolerant quantum computing with a significant industry first the ability for users to drive better performance and scale by managing qubit error detection in real-time within their algorithms.

The error-aware integrated quantum software platform is part of a noteworthy development for Quantum Circuits and the industry at large. It tackles a key obstacle, which involves detecting qubit errors to pave the way to scalable error correction and ensure consistent, trusted quantum computing results. The software builds on a more powerful quantum unit with built-in error detection, developed by Quantum Circuits, called dual-rail qubits. They are unprecedented, enabling high-powered, complex computations while helping users pinpoint and resolve errors in real time.

The companys unique superconducting architecture is predicated on dual-rail qubits, and the software suite enables users to benefit from its error detection capabilities. Available to select customers, it includes a software developers kit, cloud portal, and quantum simulator for prototyping quantum algorithms.

Quantum Circuits SDK:Enables users to write quantum applications and deploy in Quantum Circuits cloud. A Qiskit provider is also offered as a quick way to get started, translating Qiskit programs to Quantum Circuits native software language. Quantum Circuits Cloud Portal:A resource for users to access information on their deployed applications and user accounts. It provides a system to set reservations for usage, monitor system status, and view job queues. Quantum Circuits Simulator:An error-aware quantum simulator that models Quantum Circuits hardware. Developers can prototype algorithms while managing errors in real time. No other system provides direct control over managing quantum errors without changing programs or exerting rigorous effort from users. A fundamental requirement and precursor to hardware systems, the simulator pairs sophisticated Error Detection Handling (EDH) to customize management of built-in detection capabilities and advanced Real-Time Control Flow (RTCF) that leverages tight coupling between classical and quantum computing and reveals opportunities for enhanced algorithm efficiency.

We are a pragmatic company intent on delivering full-stack, fault-tolerant systems that are commercially viable, Quantum Circuits CEO Ray Smets said. Realization of trusted, consistent quantum computing hinges on error correction. Some vendors take a scale-first, correct-second approach, but they experience performance and scalability challenges. We correct first, then scale. Our dual-rail qubit with integrated error detection is an industry first. Were providing users with real-time introspection of quantum error dynamics occurring in a system.

Smets added that the integrated quantum software platform represents the first phase of commercial readiness as Quantum Circuits delivers hardware systems and additional developer support.

Weve built an architecture with error detection at the qubit level, then layered our software on top of that to write and adjust algorithms, Smets said. These are powerful programming features that havent been available before to build better algorithms. Were delivering our integrated quantum software platform ahead of our hardware offerings so customers can prepare in advance for running features. They can start exploring now. They can start exploring with us.

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Justin Sun Deposits Discounted CRV on Binance After Almost a Year – Bankless Times

Tron founder Justin Sun moved a sizeable $35 million in cryptocurrency, split among 12 distinct tokens, to Binance over the course of last week. The fact that most of these tokens were DeFi assets suggests Sun intended to give the Curve Finance liquidity.

According to blockchain data, Sun deposited $3.45 million of ETHFI ($12.05 million) to Binance, purportedly in an airdrop. Furthermore, a $6.22 million CRV transfer occurred ($1.96 million left). Five million of them originated via an Over-The-Counter (OTC) transaction that took place in August of last year. They were bought straight from a wallet connected to Curv Finance's founder, Egorov, for a reduced price of $0.4 per token.

Sun's transfer of CRV comes as the token has just started stabilizing its trading after multiple sessions in the red. Though the token is still trading in negative territory, at $0.2986, down 7.3% at press time, the losses have recovered slightly.

CRV's founder, Michael Egorov, progressively liquidated debt positions last week. Based on data from Arkham, all of Michael's loan holdings in five agreements totaling $140 million were liquidated in less than 30 minutes. The news landed as a potential blow to the token, which made it the leading loser last Thursday.

As of July 18, 2024, the price of Curve DAO Token is expected to increase by 225.73% to reach $0.98255, based on the current price estimate. Most technical indicators indicate that the current mood is bearish, and the Fear & Greed Index is 74 (Greed). Over the previous 30 days, Curve DAO Token has 13/30 (43%) green days and 15.34% price volatility.

Data from June 18 indicates an overall bearish feeling about the Curve DAO Token price prediction, with seven technical analysis indicators indicating bullish signs and 21 indicating bearish signals.

Additionally, many analysts have predicted that the 200-day SMA of Curve DAO Token will decline over the next month, reaching $0.544758 by July 18, 2024. Simultaneously, the token's short-term 50-day SMA is predicted to reach $0.518041. The momentum oscillator, known as the Relative Strength Index (RSI), is a widely used indicator that indicates when a cryptocurrency is overbought (above 70) or oversold (below 30).

Currently, The RSI reading is 34.89 for CRV, indicating a neutral posture for the CRV market.

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Binance Adds New Margin Trading Pairs Involving FLOKI, BONK, WIF, Others – Coinfomania

Binance, the largest cryptocurrency exchange by trade volume, has announced an expansion to its Margin trading by introducing new FDUSD, USDC, and USDT trading pairs on both Cross and Isolated Margin. The latest update affects eleven tokens including Floki (FLOKI), Bonk (BONK), DogWifHat (WIF), ZKsync (ZK), and more.

This comes shortly after the exchange giant commenced the listing and token distribution program for ZKsync (ZK). Despite its ongoing challenges, Binance continues to strive to deliver the best trading experience for its users, introducing new products and expanding its offering.

In an announcement dated June 18, the leading exchange platform informed its users that they can now conduct Cross and Isolated Margin trading on new pairs involving stablecoins FDUSD, USDC, and USDT.

The new Cross Margin trading pairs include 1000SATS/FDUSD, BB/FDUSD, BONK/FDUSD, ETHFI/USDC, FIRO/USDT, FLOKI/FDUSD, NOT/FDUSD, PEOPLE/FDUSD, W/FDUSD, WIF/FDUSD, and ZK/FDUSD.

For the new Isolated Margin trading pair, 1000SATS/FDUSD, BB/FDUSD, BONK/FDUSD, ETHFI/USDC, FLOKI/FDUSD, NOT/FDUSD, PEOPLE/FDUSD, W/FDUSD, WIF/FDUSD, ZK/USDT has been added. Binance informs that users can start trading on the new pairs effective immediately.

Meanwhile, the new update is part of Binances broader strategy to enhance user trading experience by constantly reviewing and expanding its offerings on the platform. Consequently, this will help users to properly diversify their portfolios and create flexibility with their trading strategies.

While significant updates from prominent crypto exchanges such as Binance can positively affect the price movement of affected tokens, the case of the FLOKI, BONK, WIF, and ZK tells a different story.

According to a recent update from CoinMarketCap, the prices of the aforementioned tokens have taken a nosedive, dropping significantly over the last 24 hours. The price of FLOKI, a memecoin birthed by fans and members of the Shiba Inu (SHIB) community, has dropped by 12.85% to trade at $0.0001627.

The price of BONK, the first dog-themed memecoin onSolana has declined by 12.43% to $0.00002043. DogWifHat (WIF) has plummeted by a massive 15.11%, changing hands at $2.02, while zkSync (ZK), a Layer-2 protocol that scales Ethereum with cutting-edge ZK tech, has lost 16% of its value, crashing to $0.2011.

Investors are closely watching their favorite tokens, hoping for a potential price rally against the backdrop of the recent listing on the Binance exchange.

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D-Wave to deploy on-premise quantum computer at Davidson Technologies’ HQ in Alabama – DatacenterDynamics

Quantum computing firm D-Wave is to deploy an on-premise computer at a customers facility in Alabama.

Announced this week, the company will be placing an Advantage system on-premise at a new site operated by defense company Davidson Technologies.

Building on the companies existing relationship, the QPU will be located at Davidsons new global headquarters in Huntsville and placed in a secure facility developed to run sensitive applications. Further details, including timelines for deployment, werent shared.

Davidson has a track record of embracing emerging and advanced technologies to address unique and critical national defense challenges and protect our nations interests, said Dr. Alan Baratz, CEO of D-Wave. By placing an Advantage quantum computing system onsite at Davidsons headquarters and creating a unique environment for operation, were opening up opportunities to tackle the US governments most pressing computational problems.

Founded in 1996, Davidson Technologies provides software services to aerospace and missile defense customers, including weapon systems cybersecurity, software development, modeling and simulation, and AI offerings.

By housing the second US-based Advantage quantum computer at our facility in Huntsville, we will provide our government customers with unprecedented access to quantum computing technology in our facility, said Dale Moore, president of Davidson Technologies. Were honored to host a D-Wave Advantage computer and believe this will greatly advance quantums role in national security, as we support the critical mission of defending the US and its allies, both at home and abroad.

Initially accessible to all D-Wave customers located in select countries via the companys cloud service, D-Wave said the system may be exclusively dedicated to sensitive application development and operations once Davidsons secure facility is established.

The system will be the second US-based D-Wave Advantage quantum computer to be deployed. It is expected to become the first in the US certified for sensitive applications using annealing quantum computing.

D-Wave has a multi-year partnership with the University of Southern California (USC). Recently renewed, the USC Viterbi School of Engineering will continue to house a D-Wave Advantage quantum computer. The center has housed several generations of D-Waves quantum systems.

Like many other quantum companies, D-Wave offers access to its systems through its own cloud and public cloud providers, and sells hardware for on-premise deployments.

While cloud access is still the most common method of accessing quantum hardware, on-premise deployments are becoming more widespread, especially at supercomputing centers and universities. A small number have been deployed at colocation data centers and enterprise facilities.

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Zapata AI Publishes Novel Research in PRX Quantum on the Future Potential of Quantum Computing – StockTitan

Zapata AI has published a groundbreaking paper titled 'Early Fault-Tolerant Quantum Computing' in the esteemed journal PRX Quantum, offering a framework for utilizing today's imperfect quantum computers to solve future complex problems. The research, led by CTO Yudong Cao, bridges the gap between current noisy quantum devices and future fault-tolerant systems, introducing the concept of Early Fault Tolerant Quantum Computing (EFTQC). This publication marks a significant milestone, as it is the second time this year that Zapata AI's research has been featured in a prestigious journal, with a previous paper published in Nature Communications. The company also highlighted its leadership in quantum computing at the Qubits conference, discussing the integration of generative AI with quantum computing for industrial applications like drug discovery and financial services.

Positive

The peer-reviewed research provides a robust framework for reasoning about how todays imperfect quantum computers can be scaled up to solve impactful problems in the future

BOSTON, June 18, 2024 (GLOBE NEWSWIRE) -- Zapata Computing, Inc. (Zapata AI) (Nasdaq: ZPTA), the Industrial Generative AI company, today announced that its paper on early fault tolerant quantum algorithms has been published in PRX Quantum, a highly selective journal that publishes research with an emphasis on outstanding and lasting impact. The paper, titled Early Fault-Tolerant Quantum Computing provides a unique, quantitative perspective that bridges the theoretical ideal of fault tolerant quantum computation and the present reality of noisy, imperfect quantum computers. The team argues that the path to scalable fault tolerant quantum computers of the future will likely go through a phase called Early Fault Tolerant Quantum Computing (EFTQC).

The paper was published online on June 17th and can be accessed here.

Quantum devices today are noisy and error prone while being on the verge of error correction. Quantum computers of the (distant) future can carry out any amount of error correction needed to keep the computation running. But how we get from here to there while keeping an eye on the usefulness of the quantum devices is still not entirely mapped out, said Yudong Cao, Chief Technology Officer and co-founder of Zapata AI. This research charts a path forward beyond the current NISQ era (near-term intermediate-scale quantum) and considers how we can design algorithms that leverage the next generation of quantum devices with some degree of error correction. We believe this new class of EFTQC algorithms will bring us closer to a practical quantum advantage for industrial applications across industries.

Earlier this week, Zapata AI presented its continued leadership in quantum computing at the Qubits conference, hosted by Zapata AI hardware partner D-Wave Quantum Inc. (D-Wave) (NYSE: QBTS). In a fireside chat hosted by The Boston Globes Aaron Pressman, Cao and Chief Revenue Officer Jon Zorio shared how generative AI can be enhanced by quantum computing and quantum-inspired techniques leveraging GPUs, as well as the implications for industrial applications such as drug discovery and other use cases in industries ranging from telecom to financial services.

The published research in PRX Quantum marks the second time this year Zapata AIs innovative research was published in a prestigious academic journal. The Company also announced that its foundational research on generator-enhanced optimization (GEO) was published in the esteemed Nature Communications.

Cao concluded, Having research published in premier and highly esteemed research journals like PRX Quantum and Nature Communications demonstrates the quality of our research team, the capabilities of our platform, and the role Zapata AI will play in advancing the cutting edge at the intersection of AI and quantum in a scientifically rigorous manner. Our mission to solve the most complex problems industries face, and we will not stop until we do so.

About Zapata AI

Zapata AI is an Industrial Generative AI company, revolutionizing how enterprises solve complex operational challenges with its powerful suite of generative AI software applications and cutting-edge reference architecture. By combining numerical and text-based generative AI models and custom software applications to power industrial-scale solutions, Zapata AI enables enterprises and government entities to drive growth, cost savings through operational efficiencies, and critical operational insights. With its proprietary data science and engineering techniques, and the Orquestra platform, Zapata AI is accelerating Generative AIs impact across industries by delivering solutions which are higher performing, less costly, and more accurate and expressive than current, classical approaches to AI. The Company was founded in 2017 and is headquartered in Boston, Massachusetts.

Forward Looking Statements Certain statements made herein are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as believe, may, will, intend, expect, should, would, plan, predict, potential, seem, seek, future, outlook, and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding future events and other statements that are not historical facts. These statements are based on the current expectations of Zapata AIs management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. These statements are subject to a number of risks and uncertainties regarding Zapata AIs business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, Zapata AIs ability to attract new customers, retain existing customers, and grow; competition in the generative AI industry; Zapata AIs ability to raise additional capital on non-dilutive terms or at all; Zapata AIs failure to maintain and enhance awareness of its brand; and the risks and uncertainties discussed in the Companys filings with the Securities and Exchange Commission (including those described in the Risk Factors section in the Companys Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q).

While Zapata AI may elect to update these forward-looking statements at some point in the future, Zapata AI specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Zapata AIs assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Contacts: Media: press@zapata.ai Investors: investors@zapata.ai

The publication introduces Early Fault Tolerant Quantum Computing (EFTQC), bridging the gap between today's noisy quantum computers and future fault-tolerant systems, highlighting Zapata AI's leadership in the field.

The research was published online on June 17, 2024, in the PRX Quantum journal.

The research outlines a pathway from current noisy quantum devices to scalable fault-tolerant systems, enhancing practical quantum computing applications for industries.

Potential applications include drug discovery, financial services, and various other industrial uses leveraging the next generation of quantum devices with error correction.

The publication in esteemed journals like PRX Quantum and Nature Communications underscores the quality of Zapata AI's research and its role in advancing AI and quantum computing.

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Quantinuum’s Genon Braiding Technique Adds Another Stitch in Company’s Fault-Tolerant Research Tapestry – The Quantum Insider

Insider Brief

Quantinuum which has been on a quantum AI and fault tolerance research roll this month report on yet another research development, this time detailing an advanced quantum error correction technique that the team says is pushing the industry ever closer toward practical quantum computing. The work also hints at the way the company is tying together its multiple research approaches from topological quantum computing to record-breaking fidelity that takes advantage of mid circuit measurementto quantum error correction to build quantum computers that can make calculations in spite of environmental noise.

This latest work, detailed in a company blog post and fully covered in a complementary research paper posted on ArXiv, focuses on the innovative technique of genon braiding to execute fault-tolerant gates using efficient codes.

The work aims right at quantum computings Achilles heel errors. In classical computing, hardware robustness and error correction methods like bit duplication make achieving fault tolerance relatively straightforward. However, quantum computing faces unique challenges. Quantum hardware is far more delicate, requiring precise control of quantum states, and the no-cloning theorem prohibits direct copying of qubits, the team explains.

Ilyas Khan, Quantinuum founder and Chief Product Officer writes in an email interview: One of the more interesting developments that I would highlight here is the emerging and very obvious point that theoretical ideas can only really be instantiated with full access to the metal and that real acceleration will benefit from an early push into genuine co-design. The Genon code is astonishingly impactful and we will be hearing a lot more about its ability to lift performances across the board, and this will be highlighted alongside all our other work in this field ranging from error mitigation all the way through to examining natively fault tolerant qubits that we create through the exploitation of our hardware and generate non-abelian anyons.

Genon Braiding: A New Approach

Quantinuums advance focuses on genon braiding a method thatleverages the unique properties of topological order to perform robust quantum operations.

In this braiding technique, researchers manipulate genons, which are twists or defects in topological codes. By braiding these genons around each other, logical quantum information can be encoded and manipulated fault-tolerantly, which then makes it easier to implement high-rate error-correcting codes and that, eventually, means less physical qubits per logical qubit.

This advance can significantly impact scaling, making quantum computers more practical and efficient, and demonstrates low overheads compared to quantum error correction approaches in the current literature, according to the team at Quantinuum, a full-stack quantum computing company formed from Honeywell and Cambridge Quantum in 2021.

The Theory Behind Genon Braiding

To take a step back: the research paper delves into the theoretical foundations of genon braiding. It explains that one of the main challenges in quantum error correction is balancing the protection of quantum information from errors with the ability to manipulate this protected information. Achieving this balance is essential for performing computational tasks, the paper notes.

The concept of genons or twists in topological codes plays a central role in this technique. Its also a point where the beauty of scientific discovery meets the efficiency of practical computational power, according to the team.

The scientists write in the post: What exactly genons are, and how they are braided, is beautiful and complex mathematics but the implementation is surprisingly simple. Inter-block logical gates can be realized through simple relabeling and physical operations. Relabeling, i.e. renaming qubit 1 to qubit 2, is very easy in Quantinuums QCCD architecture, meaning that this approach to gates will be less noisy, faster, and have less overhead. This is all due to our architectures native ability to move qubits around in space, which most other architectures cant do.

To dive deeper, the genons are associated with 3-valent vertices or three-pointed connections in topological codes and can be manipulated through braiding to perform logical Clifford gates. These gates are a set of operations that can be performed on encoded qubits within a quantum error-correcting code. They are important because they can be implemented fault-tolerantly, in other words they can function correctly even when there are small errors.

According to the scientists, genons are not arbitrary constructs but are derived from specific symmetrical properties in the quantum system, according to the paper. The team explains that genons arise from the properties of domain walls in topological order, which exhibit symmetry that can be exploited for fault-tolerant operations.

Practical Implementation on Quantinuums H1-1 Quantum Computer

Quantinuum has successfully demonstrated genon braiding on their H1-1 quantum computer, a trapped-ion device that allows for high connectivity through ion transport. This capability is essential for efficiently realizing the permutations required for implementing fault-tolerant gates without significant overhead, according to the blog post and the research paper.

The H1-1 device uses 20 ytterbium ions for physical qubits and 20 barium ions for sympathetic cooling, executing gates via stimulated Raman transitions with high fidelity. This setup enables the realization of genon protocols with minimal noise and high efficiency, showcasing the potential of genon braiding for practical quantum error correction, the team writes in their ArXiv paper.

Experimental Results and Proof-of-Concept

Quantinuums team conducted a series of proof-of-concept experiments on the H1-1 system. They demonstrated all single-qubit Clifford operations using genon braiding and performed two types of two-qubit logical gates equivalent to CNOTs. These experiments demonstrate that genon braiding works in practice and is complementary to and therefore enhancing well-understood codes such as the Steane code, according to the blog post.

The research also includes the construction of a symplectic double which effectively doubles the number of qubits involved allowing logical Clifford operations on the base code to be lifted to logical operations on the total code. This method enhances fault tolerance and demonstrates the versatility of the genon braiding technique, the paper states.

Implications for Quantum Computing

Scientifically beautiful and practically important theres still more.

The work demonstrates the importance of co-design, where error correction codes are tailored to specific hardware capabilities. Quantinuums approach leverages their unique hardware architecture to implement these advanced error correction techniques efficiently.

This is part of a larger effort to find fault-tolerant architectures tailored to Quantinuums hardware. Quantinuum scientist and pioneer of this work, Simon Burton, put it quite succinctly: Braiding genons is very powerful. Applying these techniques might prove very useful for realizing high-rate codes, translating to a huge impact on how our computers will scale,' the team explains in their blog post.

The Quantinuum Connection

There is some sense that the 370+ scientists and engineers at Quantinuum are engaged in a little scientific braiding of their own, tying multiple research strands from across the organization together to knit a multilayered approach to fault tolerance.

For example, this work is directly related to and inspired by Quantinuums prior research on non-Abelian anyons, which are particles that exhibit unique quantum statistics and are essential for certain topological quantum computing approaches. By leveraging insights from these previous studies, Quantinuum has been able to advance the understanding of genon braiding.

This new research also fits into Quantinuums broader effort in error mitigation and correction, showcasing their ongoing commitment to developing robust and scalable quantum computing solutions that can withstand errors and enhance computational reliability.

Quantinuum researchers involved in the work include Simon Burton, Elijah Durso-Sabina and Natalie C. Brown, who report to Khan.

For a fuller and more technical explanation of the work than this summary can provide, please review the paper in its entirety.

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Quantinuum's Genon Braiding Technique Adds Another Stitch in Company's Fault-Tolerant Research Tapestry - The Quantum Insider

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Estonia’s Roadmap for Encryption in the Age of Quantum Computing – The Quantum Insider

The emergence of powerful quantum computers poses an existential threat to todays encryption systems. At the Future Cryptography Conference in Tallinn, Estonia, cryptography expert Jan Willemson provided insights into when and why we need to transition to post-quantum cryptography (PQC) to maintain data security.

Willemson began by explaining the rationale for cryptography: The state is needed so that citizens could be provided with services. We want these services to be available to those who need them. He stressed properties like fairness, accountability and privacy that citizens expect from state services, which cryptography helps enable.

On the quantum computing threat, Willemson cited research estimating breaking 2048-bit RSA keys could take about 100 days under ideal conditions or years perhaps even decades under more realistic conditions with a large quantum computer. While much faster than classical computing, he noted its still some significant amount of time involved so its not like you will break it in a blink of an eye.

Willemson outlined three areas where pre-quantum cryptography may suffice even after large quantum computers emerge based on risk analysis.

If your confidentiality horizon is less than the time that it would take to break the encryption key then it might actually be okay to use pre-quantum encryption, he said.

He mentioned that if the value of a signature is less than the cost of breaking a key, then it is actually acceptable to use pre-quantum signatures. He also noted that authentication typically occurs for one session and for a limited time, implying that in many scenarios, using pre-quantum authentication may be quite adequate.

However, he cautioned you dont always know the future value of all your signatures which could retroactively incentivize attacks, suggesting it may be justified to convert to post-quantum crypto just in case.

Willemson described Estonias progress: The encryption part of the internet voting system is completely under our control, so we define what crypto system we usethis part is going to be much easier to upgrade.

As nations prepare for the quantum era, an open, transparent process is crucial according to Willemson.

NIST realizes this very well and this is a reason why for a few decades they already now are running very open competitions, he said.

With pragmatic risk analysis and strategic implementation across vital systems, Estonia is pioneering the quantum leap to quantum-resistant cryptography.

Featured image: Credit: YouTube

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Estonia's Roadmap for Encryption in the Age of Quantum Computing - The Quantum Insider

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