Category Archives: Quantum Computing

New York, USA, Dec. 22, 2020 (GLOBE NEWSWIRE) -- A latest report published by Research Dive on the globalquantum computing market sheds light on the current outlook and future growth of the market. As per the report, the global quantum computing market is expected to garner $667.3 million by growing at a CAGR of 30.0% from 2020 to 2027. This report is drafted by market experts by evaluating all the important aspects of the market. It is a perfect source of information and statistics for new entrants, market players, shareholders, stakeholders, investors, etc.

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The report includes:

A summary of the market with its definition, advantages, and application areas. Detailed insights on market position, dynamics, statistics, growth rate, revenues, market shares, and future predictions. Key market segments, boomers, restraints, and investment opportunities. Present situation of the global as well as regional market from the viewpoint of companies, countries, and end industries. Information on leading companies, current market trends and developments, Porter Five Analysis, and top winning business strategies.

Factors Impacting the Market Growth:

As per the report, the growing cyber-attacks across the world is hugely contributing to the growth of the global quantum computing market. Moreover, the rising implementation of quantum computing technologies in agriculture for helping farmers to improve the efficiency and yield of crops is likely to unlock rewarding opportunities for the market growth. However, absence of highly experienced employees, having knowledge regarding quantum computing is likely to hinder the market growth.

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COVID-19 Impact Analysis:

The sudden outbreak of COVID-19 pandemic has made a significant impact on the global quantum computing market. During this crisis period, quantum computing technology can be used for medical research and other activities related to COVID-19 pandemic. Moreover, the technology can be beneficial for developing advanced drugs at an accelerated speed and for analyzing different types of interactions between biomolecules and fight infectious like viruses. In addition, businesses are greatly investing in the development of quantum computers for drug discovery amidst the crisis period. All these factors are expected to unlock novel investment opportunities for the market growth in the upcoming years.

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Segment Analysis:

The report segments the quantum computing market into offerings type, end user, and application.

By offerings type, the report further categorizes the market into: Consulting solutions Systems

Among these, the systems segment is expected to dominate the market by garnering a revenue of $313.3 million by 2027. This is mainly due to growing use of quantum computing in AI, radar making, machine learning technologies, and many others.

Based on application, the report further classifies the market into: Optimization Machine Learning Material Simulation

Among these, themachine learning segment is expected to observe accelerated growth and garner $236.9 million by 2027. This is mainly due to significant role of quantum computing in enhancing runtime, capacity, and learning efficiency. Moreover, quantum machine learning has the potential to speed-up various machine learning processes such as optimization, linear algebra, deep learning, and Kernel evaluation, which is likely to boost the market growth during the forecast period.

Regional Analysis:

The report explains the lookout of the global quantum computing market across several regions, including: Europe Asia Pacific LAMEA North America

Among these, the Asia-Pacific region is estimated to lead the market growth by growing at a striking growth rate of 31.60% during the forecast period. This is mainly because of the growing adoption of quantum computing technologies in numerous sectors including chemicals, healthcare, utilities & pharmaceuticals, and others in this region.

Market Players and Business Strategies:

The report offers a list of global key players in the quantum computing market and discloses some of their strategies and developments. The key players listed in the report are:

QC Ware, Corp. Cambridge Quantum Computing Limited D-Wave Systems Inc., International Business Machines Corporation Rigetti Computing 1QB Information Technologies River Lane Research StationQ Microsoft Anyon Google Inc.

These players are massively contributing to the growth of the market by performing activities such as mergers and acquisitions, novel developments, geographical expansions, and many more.

Our market experts have made use of several tools, methodologies, and research methods to get in-depth insights of the global quantum computing sector. Moreover, we strive to deliver a customized report to fulfill special requirements of our clients, on demand.Click Here to Get Absolute Top Companies Development Strategies Summary Report.

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Global Quantum Computing Market Predicted to Garner $667.3 Million by 2027, Growing at 30.0% CAGR from 2020 to 2027 - [193 pages] Informative Report...

Raise your hand if you ever wanted to get beamed onto the transport deck of the USS Enterprise. Maybe we havent reached the point of teleporting entire human beings yet (sorry Scotty), but what we have achieved is a huge breakthrough towards quantum internet.

Led by Caltech, a collaborative team from Fermilab, NASAs Jet Propulsion Lab, Harvard University, the University of Calgary and AT&T have now successfully teleported qubits (basic units of quantum info) across almost 14 miles of fiber optic cables with 90 percentprecision. This is because of quantum entanglement, the phenomenon in which quantum particles which are mysteriously entangled behave exactly the same even when far away from each other.

When quantum internet is finally a thing, it will make Wifi look obsolete and dial-up even more ancient than it already is. We achieved sustained, high-fidelity quantum teleportation utilizing time-bin (time-of-arrival_ qubits of light, at the telecommunication wavelength of 1.5 microns, over fiber optic cables, Panagiotis Spentzouris, Head of Quantum Science at the Fermilab Quantum Institute, told SYFY WIRE. This type of qubit is compatible with several devices that are required for the deployment of quantum networks.

What you might recognize is the fiber optic cables used in the experiment, since they are everywhere in telecommunication tech today. Lasers, electronics and optical equipment which were also used for the experiments at Caltech (CQNET) and Fermilab (FQNET) that could someday evolve into the next iteration of internet. Though this is equipment you probably also recognize, what it did for these experiments was enable them to go off without a glitch. Information traveled across the cables at warp speed with the help of semi-autonomous systems that monitored it while while managing control and synchronization of the entangled particles. The system could run for up to a week without human intervention.

So if entangled qubits are inextricably linked despite the distance between them, is there even a limit to how far information can travel? Hypothetically, they could go on forever. What limits exist in reality are not in the qubits but the effects of their surroundings. While one of the qubits containing information stays where it is, the other one has to zoom over to wherever it needs to transfer that information. It could run into obstacles on the way.

What limits the distance that information can be transmitted is loss and noise: either from the properties of the medium we use to send the information or the effects of the environment on the medium, or imperfections on the various operations we need to perform to realize the information transfer, Spentzouris, who coauthored a study recently published in PRX Qunatum, said.

To keep quantum internet running at high precision and over distances around what it was able to cover in this experiment, the quantum teleportation that powers it needs quantum memory and quantum repeaters. Quantum memory is basically the quantum version of the memory your computer and smartphone use now. Instead of storing memory as something like 100101011, it stores it in the form of qubits. To make it possible for entangled qubits to travel as far as possible, quantum repeaters make it easier for those qubits to traverse by splitting it into sections over which they are teleported.

With this system, Spentzouris and his team are planning to lay out the epic Illinois Express Quantum Network (IEQNET), which will use the same technologies that the CQNET and FQNET experiments so successfully pulled off. More tech will obviously needed to realize this sci-fi brainchild. It will combine quantum and non-quantum functions for its quantum nodes and controls. The only thing missing will be the repeaters, since they will need more development to operate over such an expanse. Spentzouris believes quantum computing itself reaches far beyond internet.

Fully distributed quantum computing includes applications include GPS, secure computation beyond anything that can be achieved now, all the way to enabling advances in designing new materials and medicine, as well basic science discoveries, he said. It will unleash the full power of quantum computing and have a profound impact on our lives.

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Beam me up: long-distance quantum teleportation has happened for the first time ever - SYFY WIRE

SCOTLAND has the expertise to potentially equal tech giants like IBM, Google and Intel in the race to develop next-generation computing technologies, scientists believe.

The universities of Edinburgh, Glasgow and Strathclyde have collaborated to form a new national centre that brings together internationally-recognised experts in hardware, software and application development for quantum computing a sector predicted to be worth $65 billion by 2030.

The new Scottish Centre for Innovation in Quantum Computing and Simulation has received funding from the Scottish Government to explore inward investment opportunities.

Quantum computers process information using the properties of tiny microscopic particles or nanoelectronic circuits making them exponentially more powerful than traditional computers. Tech giants including IBM, Google, Microsoft, Intel and Amazon are investing millions of dollars in developing the worlds first workable quantum computers.

Last October, Google announced that its quantum computer took three minutes and 20 seconds to solve a problem that would have taken the worlds fastest supercomputer around 10,000 years to complete.

There are problems that even the worlds biggest supercomputers are unable to solve, said Andrew Daley, a professor of quantum computing at the University of Strathclyde. For example, how to optimise traffic flow by controlling motorways in various places; how to maximise fuel efficiency when big aircraft take off or how to invest in stocks for the maximum reward and minimum risk. Because we can do computing in a very different way on a quantum computer, these are the kinds of things we believe we may be able to do that we can't do on a traditional computer.

Scottish universities are major beneficiaries of the UK governments 1 billion UK National Quantum Technologies Programme, a 10-year drive to put the UK at the forefront of quantum technology research and commercialisation.

Edinburgh University already hosts the UKs 79m national supercomputer and is one of the partners in a 10m project to develop the UKs first commercial quantum computer.

Strathclyde Universitys quantum computing research includes a 10m industry-led project addressing technology barriers to scaling quantum hardware. And Glasgow Universitys projects include being part of a 7m UK consortium aimed at commercialising quantum technologies.

Ivan McKee, Scottish trade, investment and innovation minister, said: This joint project between the universities of Edinburgh, Glasgow and Strathclyde seeks to position Scotland as the go-to location for quantum computing and has the potential to attract significant international research funding and create jobs.

It also provides a model of collaboration which could be applied in other sectors to attract inward investment and boost Scotlands economy.

The Scottish Government funding will finance a feasibility study into inward investment opportunities in quantum computing. These might include partnerships with major technology companies, institutions or countries who already have their own quantum computing programmes.

Microsoft, for example, has quantum computing partnerships with universities and other places in the world, Professor Daley said. There are large centres of quantum computing in Singapore and in the Netherlands at Delft University. The German and US governments have also created clusters in quantum computing and other quantum technologies.

Professor Elham Kashefi, who leads the quantum team at Edinburgh Universitys School of Informatics, believes the new centre could help unlock the potential of quantum tech in an unprecedented way.

She added: Perhaps such a dream could be only achieved at large corporates like IBM, Microsoft, Amazon or Google. Yet I believe the flexibility that the centre could afford as a research institute, compared to a fully business-driven programme, could be the very fundamental bridge that our field desperately needs.

Martin Weides, professor of quantum technologies at Glasgow Universitys James Watt School of Engineering, said: Theres now an international race to realise practical technologies and applications for quantum computing. I believe the Scottish Centre for Innovation in Quantum Computing and Simulation will bring together the strong academic excellence at the three founding universities to give Scotland the edge to develop a vibrant quantum ecosystem.

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University collaboration gives Scotland the edge in global quantum computing race - HeraldScotland

All cryptocurrencies are based on cryptography and require miners to solve extremely complex mathematical problems in order to secure the network. The idea behind quantum computing is that it will be able to crack Bitcoins algorithm much faster than the network.

The basic principle is that Bitcoins network has to be sufficiently fast in order for a quantum attacker to not have enough time to derive the private key of a specific public key before the network.

So far, it seems that quantum computers would take around 8 hours to derive a Bitcoin private key which, in theory, means the network is secure against them. It seems that the mark right now is around 10 minutes. If quantum computers can get close to this time, the Bitcoin network could be compromised.

Its also important to note that quantum computing not only poses a threat to Bitcoin and cryptocurrencies but to other platforms, even banks. Many platforms use encryption which would be broken if quantum computing becomes real, which means the implications of this technology go way beyond just cryptocurrencies.

Theoretically, cryptocurrencies have several ways to mitigate or completely stop quantum computing attacks in the future. For instance, a soft fork on the network of an asset could be enough to at least move some of the assets that are insecure.

Additionally, there are many algorithms that are theorized to be quantum-resistant. In fact, SHA-256 which is currently used should be resistant to these types of attacks. According to recent statistics, around 25% of Bitcoin in circulation remains vulnerable to quantum attacks. You should transfer your coins to a new p2pkh address to make sure they are safe.

Originally posted here:
Bitcoin is quantum computing resistant regardless of rising fears among investors - FXStreet

Jiuzhang, a quantum computer prototype developed at the University of Science and Technology of China, represents such a giant leap forward in computing that just 200 seconds of its time dedicated to a specific task would equal 600 million years of computing time for today's current most powerful supercomputer.

On Dec 4, Science magazine announced a major breakthrough made by a team from USTC headed by renowned physicist Pan Jianwei. The team had jointly developed a 76-photon Jiuzhang, realizing an initial milestone on the path to full-scale quantum computing.

This quantum computational advantage, also known as "quantum supremacy", established China's leading position in the sphere of quantum computing research in the world.

USTC has produced a string of wonders: Sending Wukong, China-'s first dark matter particle explorer, and Mozi, the world's first quantum communication satellite, into space; and witnessing the National Synchrotron Radiation Laboratory sending off light from the Hefei Light Source.

During the past 50 years, USTC has made significant achievements in the fields of quantum physics, high-temperature superconductivity, thermonuclear fusion, artificial intelligence and nanomaterials.

Technology is the foundation of a country's prosperity, while innovation is the soul of national progress.

Since 1970, when USTC was relocated to Hefei, Anhui province, it has focused on research and innovation, targeting basic and strategic work in a bid to fulfill its oath to scale "the peak of sciences".

The large number of world-renowned innovative achievements shined glory on USTC, exhibiting its courage to innovate, daring to surpass its peers and unremitting pursuit of striving to be a top university in the world.

Although USTC was set up only 62 years ago, it established the country's first national laboratory and also the first national research center. It has obtained the largest number of achievements selected among China's Top 10 News for Scientific and Technological Progress each year since its founding.

Its reputation as an "important stronghold of innovation" has become stronger over the years.

While facing the frontiers of world science and technology, the main economic battlefield, the major needs of China and people's healthcare, USTC focuses on cultivating high-level scientific and technological innovation talents and teams, and shoulders national tasks.

It has used innovation to generate transformative technologies and develop strategic emerging industries, perfecting its ability to serve national strategic demand, and regional economic and social development.

Facing sci-tech frontiers

USTC has top disciplines covering mathematics, physics, chemistry, Earth and space sciences, biology and materials science. While based on basic research, USTC pays close attention to cutting-edge exploration, encouraging innovative achievements.

Serving major needs

In response to major national needs, USTC has led and participated in a number of significant scientific and technological projects that showcase the nation's strategic aims.

For example, sending the Mozi satellite and Wukong probe into space. Meanwhile, it also participated in the development of core components of Tiangong-2, China's first space lab, and Tianwen-1, the nation's first Mars exploration mission.

Main economic battlefield

In the face of economic and social development needs, USTC has balanced meeting national needs and boosting exploration in frontier spheres.

It has witnessed a series of innovative achievements in the fields of materials science, energy, environment, advanced manufacturing, AI, big data and security.

Safeguarding health

USTC's School of Life Sciences was founded in 1958 with emphasis on biophysics. In recent years, this flourished into many branches of biological sciences.

The new School of Life Sciences was established in Hefei in 1998. Based on its years of cultivation in the field of life sciences, the university has contributed much to China's medical science.

In 2020, the university developed the "USTC protocol" to treat COVID-19 patients, which has been introduced to more than 20 countries and regions.

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Scaling the heights of quantum computing to deliver real results - Chinadaily.com.cn - China Daily

Physicists have confirmed the existence of an extraordinary, flat particle that could be the key that unlocks quantum computing.

Get unlimited access to the weird world of Pop Mech.

What is the rare and improbable anyon, and how on Earth did scientists verify them?

[T]hese particle-like objects only arise in realms confined to two dimensions, and then only under certain circumstanceslike at temperatures near absolute zero and in the presence of a strong magnetic field, Discover explains.

Scientists have theorized about these flat, peculiar particle-like objects since the 1980s, and the very nature of them has made it sometimes seem impossible to ever verify them. But the qualities scientists believe anyons have also made them sound very valuable to quantum research and, now, quantum computers.

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The objects have many possible positions and "remember," in a way, what has happened. In a press release earlier this fall, Purdue University explains more about the value of anyons:

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Its these fractional charges that let scientists finally design the exact right experiments to shake loose the real anyons. A coin sorter is a good analogy for a lot of things, and this time is no different: scientists had to find the right series of sorting ideas in order to build one experimental setup that would, ultimately, only register the anyons. And having the unique quality of fractional charges gave them, at least, a beginning to work on those experiments.

Following an April paper about using a miniature particle accelerator to notice anyons, in July, researchers from Purdue published their findings after using a microchip etched to route particles through a maze that phased out all other particles. The maze combined an interferometera device that uses waves to measure what interferes with themwith a specially designed chip that activates anyons at a state.

Purdue University

What results is a measurable phenomenon called anyonic braiding. This is surprising and good, because it confirms the particle-like anyons exhibit this particular particle behavior, and because braiding as a behavior has potential for quantum computing. Electrons also braid, but researchers werent certain the much weaker charge of anyons would exhibit the same behavior.

Braiding isnt just for electrons and anyons, either: photons do it, too. "Braiding is a topological phenomenon that has been traditionally associated with electronic devices," photon researcher Mikael Rechtsman said in October.

He continued:

Now, the quantum information toolkit includes electrons, protons, and what Discover calls these strange in-betweeners: the anyons.

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This Incredible Particle Only Arises in Two Dimensions - Popular Mechanics