Quantum China Weekly – Volume 7 (2021/05/21-2021/05/28)
This week, the National Development and Reform Commission of the People’s Republic of China (NDRC) and other two departments together issued the “14th Five-Year Plan for the Implementation of the Education Power Promotion Project”, which prioritizes and focuses on supporting the construction of teaching and research facilities for quantum technology and other related disciplines. In […]
Nikkei Asia: Japanese Companies Create Talent Pool to Work With Government on Quantum Research
Nikkei Asia is reporting that Toyota, Toshiba, NEC, Fujitsu and Hitachi, among other Japanese companies, will form a partnership with that country’s government to focus efforts on quantum research. The group is expected to start as soon as this month to promote the development of a technology focused on security, the media outlet is reporting. […]
Researchers Say Algorithms Can Simulate an Infinite Quantum System on Finite Quantum Computers
Researchers at UCL, King’s College London, Technical University of Munich, and the quantum software start-up GTN have developed new algorithms that can simulate an infinite quantum system on finite quantum computers. Currently available quantum computers have relatively few quantum bits and are subject to interference. These Noisy Intermediate Scale Quantum (NISQ) computers do not have the […]
6 Quantum Security & Encryption Startups To Watch Out For In 2022
Photo by John Salvino on Unsplash Quantum-Safe Most experts agree that quantum computers are very unlikely to break traditional encryption models based on symmetric (AES and SHA-2) and asymmetric (RSA and elliptic curve cryptography) algorithms any time soon. But the key word here is “soon” because one day they will. Preparing for this ominous moment, clever […]
Cambridge Quantum Develops Algorithm to Accelerate Monte Carlo Integration on Quantum Computers
Cambridge Quantum Computing (CQC) today announced the discovery of a new algorithm that accelerates quantum Monte Carlo integration – shortening the time to quantum advantage and confirming the critical importance of quantum computing to the finance industry in particular. Monte Carlo integration – the process of numerically estimating the mean of a probability distribution by […]
Xanadu Closes $100 Million USD Series B, Focused on Build a Fault-tolerant Photonic Quantum computer
Xanadu, a photonic quantum computing leader, has announced it has raised $100 million USD in Series B financing, according to a company news release. Bessemer Venture Partners led the round with participation from Capricorn, Tiger Global, BDC Capital, In-Q-Tel, along with returning investors Georgian, OMERS, and Tim Draper. The round brings Xanadu‘s total investment to […]
D-Wave Expands Leadership Team, Including Two New Senior Hires
D-Wave Systems Inc., the leader in quantum computing systems, software and services, today announced the expansion of its leadership team with two new senior hires, as well as the promotion of existing team members to critical new roles. Michele Macready is joining D-Wave as Senior Vice President, Software, Cloud and Professional Services and Mark Snedeker […]
ColdQuanta Joins the IBM Quantum Network, Bringing Cold Atom Quantum Technology to the Ecosystem
ColdQuanta, a leader in Cold Atom Quantum Technology, announced it has joined the IBM Quantum Network. In addition to joining the Network, ColdQuanta will also integrate with Qiskit, an open source software development kit (SDK) for working with quantum computers developed by IBM. ColdQuanta’s customers can optimize their programs for ColdQuanta’s groundbreaking quantum computer (code name […]
Keysight Technologies Acquires Quantum Benchmark
Keysight Technologies, Inc. (NYSE: KEYS), a leading technology company that delivers advanced design and validation solutions to help accelerate innovation to connect and secure the world, announced today it has acquired Quantum Benchmark, a leader in error diagnostics, error suppression and performance validation software for quantum computing, according to a company statement. Terms of acquisition have […]
TQD, Qureca to Host ‘Careers in Quantum Technologies’ To Match Right Quantum Workers to The Right Quantum Workplace
One of the main concerns for business and organizations in the quantum industry is finding the right workers. For workers, their main concern is finding a workplace that is a good fit for their skills and aspirations. That’s why The Quantum Daily and Qureca are hosting ‘Careers in Quantum Technologies’ on June 24. “This is […]