Archive for the ‘Quantum Computer’ Category

Quantum Computing in Automotive Market worth $5,203 million – GlobeNewswire

Chicago, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Quantum Computing in Automotive Market is projected to grow from USD 143 million in 2026 to USD 5,203 million by 2035, at a CAGR of 49.0% from 2026 to 2035, according to a new report by MarketsandMarkets.

Browseand in-depth TOC on" Quantum Computing in Automotive Market" 139 Tables 34 Figures 203 Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=63736889

Increasing government investments in developing quantum computing infrastructure and growing strategic collaborations between OEMs, auto component manufacturers & technology providers to carry out the advancements in quantum computing technology focused on complex automotive applications are the key growth factors of this market.

Route planning & traffic management are expected to dominate the quantum computing in automotive industry

Route planning and traffic management are one of the initial focus areas among automotive players for quantum computing applications. Using real-time data, smart simulation, and optimization techniques, quantum computing can bring effective route and traffic management, such as traffic pattern and flow, shortest path selection, tracking weather conditions, etc. A few automotive OEMs have collaborated with Quantum computing technology providers to develop an efficient roadmap for route optimization and traffic flow management. In 2019, Volkswagen Group launched the world's first pilot project for traffic optimization with a quantum computer by D-wave Systems Inc. in Lisbon, Portugal. Optimized route planning and traffic management are expected to reduce freight transportation costs in last-mile delivery while reducing delivery time. Additionally, route optimization using quantum computing algorithms can change ridesharing and mobility as a service (MaaS) markets with the faster movement of vehicle fleets in high-demand locations, and drivers would earn more bonuses by gaining more rides.

OEMs to dominate the quantum computing in automotive market during the forecast period

Automotive OEMs will dominate the quantum computing market as some auto giants such as Volkswagen AG, Daimler AG, BMW Group, Hyundai Motors, Ford Motors, and General Motors are early adopters of using quantum computing technology for various industrial applications. Technology leaders such as IBM Corporation, Microsoft Corporation, Alphabet Inc., etc., are extending their industry coverage to increase its practical use cases. In May 2022, PASQAL and BMW Group entered a technical collaboration agreement to analyze the applicability of quantum computing algorithms to metal forming application modelling. Additionally, OEMs are focusing on using quantum computing for applications such as product design, vehicle engineering, material research, production planning & optimization, demand forecasting, workforce management, and supply chain optimization. Further, upcoming revised emission regulations (e.g., Euro 7 in Europe) and regional stakeholder efforts to reduce fleet-level carbon emissions have boosted electric vehicle sales in recent years. Quantum computing can further fasten the battery innovation process to investigate new material compositions by examining precise chemical reactions using quantum computing simulation techniques inside the battery. Moreover, quantum computing will also be helpful for autonomous vehicles covering various aspects such as optimization of routes, object recognition, and sensor fusion. Of all possible automotive applications, quantum computing is utilized for some of them. More such advancements are expected to be seen in the year from global OEMs to cut down the new product launch time and cost reduction.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=63736889

"Europe is anticipated to be the second largest quantum computing in automotive market by 2035."

According to MarketsandMarkets analysis, Europe is projected to be the second-largest market for automotive quantum computing. The market growth is mainly attributed to the factors such as increasing investments from government bodies and increasing interest of local OEMs to develop a ground base for quantum computing in automotive applications. For instance, Union European High-Performance Computing Joint Undertaking (EuroHPC JU) has planned an investment of nearly USD 7.2 billion for developing quantum computing infrastructure in the coming years. Further, the European automotive industry is most impacted by stringency regulation on vehicular emissions, safety & comfort standards. Vehicles are installed with ADAS and comfort features; due to this, many OEMs prefer advanced lightweight materials in vehicles to reduce the vehicle's weight to achieve better fuel economy. In addition to this, European customers are rapidly shifting toward electric vehicles to curb the NoX and PM emissions.

Key Market Players

The Quantum Computing in Automotive Companies are IBM Corporation (US), Microsoft Corporation (US), D-wave systems Inc. (US), Amzon (US), Rigetti & Co, LLC (US), Alphabet Inc. (US), Accenture Plc (Ireland), Terra Quantum (Switzerland), and PASQAL (France).

Get 10% Free Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=63736889

Browse Adjacent Market: Automotive and Transportation Market Research Reports & Consulting

Browse Related Reports:

Automotive Blockchain Market - Global Forecast to 2030

Semi-Autonomous & Autonomous Truck Market - Global Forecast to 2030

Artificial Intelligence in Transportation Market - Global Forecast to 2030

Autonomous / Self-Driving Cars Market - Global Forecast to 2030

Continue reading here:
Quantum Computing in Automotive Market worth $5,203 million - GlobeNewswire

Quantum Computing Inc. to Present at 8th Annual Dawson James … – GlobeNewswire

LEESBURG, VA, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Quantum Computing Inc. (QCi or theCompany) (Nasdaq: QUBT), an innovative, quantum optics andnanophotonics technology company, will present at the 8th Annual Dawson James Conference on Thursday, October 12th, 2023, at the Wyndam Grand Jupiter at Harbourside Place, in Jupiter, Florida. To view the webcast of this presentation click this link.

QCi CEO and CFO will conduct in-person one-on-one meetings throughout the conference and deliver the Companys presentation as shown below.

8th Annual Dawson James Conference When: Thursday, October 12th, 2023 Time: 10:30 a.m. Preserve Ballroom B Wyndam Grand Jupiter at Harbourside Place, in Jupiter, Florida

About Quantum Computing Inc.

Quantum Computing Inc. (QCi) (Nasdaq: QUBT) is an innovative, quantum optics and nanophotonics technology company on a mission to accelerate the value of quantum computing for real-world business solutions, delivering the future of quantum computing, today. The company provides accessible and affordable solutions with real-world industrial applications, usingnanophotonic-basedquantum entropy that can be used anywhere and with little to no training, operates at normal room temperatures, low power and is not burdened with unique environmental requirements. QCi is competitively advantaged delivering its quantum solutions at greater speed, accuracy, and security at less cost. QCis core nanophotonic-based technology is applicable to both quantum computing as well as quantum intelligence, cybersecurity, sensing and imaging solutions, providing QCi with a unique position in the marketplace. QCis core entropy computing capability, the Dirac series, delivers solutions for both binary and integer-based optimization problems using over 11,000 qubits for binary problems and over 1000 (n=64) qubits for integer-based problems, each of which are the highest number of variables and problem size available in quantum computing today.Using the Companys core quantum methodologies, QCi has developed specific quantum applications for AI, cybersecurity, and remote sensing, including its Reservoir Photonic Computer series (intelligence), reprogrammable and non-repeatable Quantum Random Number Generator (cybersecurity) and LiDAR and Vibrometer (sensing) products.For more information about QCi, visitwww.quantumcomputinginc.com.

About Quantum Innovative Solutions

Quantum Innovative Solutions (QI Solutions or QIS), a wholly owned subsidiary of Quantum Computing Inc., is an Arizona-based supplier of quantum technology solutions and services to the government and defense industries. With a team of qualified and cleared staff, QIS delivers a range of solutions from entropy quantum computing to quantum communications and sensing, backed by expertise in logistics, manufacturing, R&D and training. The company is exclusively focused on delivering tailored solutions for partners in various government departments and agencies.

About Dawson James

Dawson James Securities specializes in capital raising for small and microcap public and private growth companies primarily in the Life Science/Health Care, Technology, Clean tech, and Consumer sectors. We are a full-service investment banking firm with research, institutional and retail sales, and execution trading and corporate services. By investing the time required to completely understand your business, we can provide an appropriate capital transaction structure and strategy including direct investment through our independent fund. Our team will assist in crafting your vision and shaping your message for the capital markets. Headquartered in Boca Raton, FL, Dawson James is privately held with offices in New York, Maryland, and New Jersey. http://www.dawsonjames.com

QCi Media and Investor Contact Jessica Tocco, CEO A10 Associates Tel: 765-210-0875 Jessica.Tocco@a10associates.com

Read more:
Quantum Computing Inc. to Present at 8th Annual Dawson James ... - GlobeNewswire

Where are we at with quantum computing? – Cosmos

Aberdeen, Maryland in the late 1940s was an exciting place to be. They had a computer so powerful and so energy intensive that there were rumours that when it switched on, the lights in Philadelphia dimmed.

The computer called the ENIAC took up an area almost the size of a tennis court. It needed 18,000 vacuum tubes and had cords thicker than fists crisscrossing the room connecting one section to another.

Despite its size, today its less impressive. Its computing power would be dwarfed by a desk calculator.

Professor Tom Stace, the Deputy Director of the ARC Centre of Excellence in Engineered Quantum Systems (EQUS) believes that quantum computing is best thought of not as computers like we know them today, but as big lumbering systems like the ENIAC.

ENIAC was the first digital computer, said Stace.

You see engineers programming, but that meant literally unplugging cables and plugging them into these gigantic room-size things. Thats sort of what a quantum computer looks like now. Its literally bolt cables that people have to wire up and solder together.

To understand where were at with quantum computing currently, you first have to understand their potential.

Right now, quantum computing is still in the very earliest stages of its development, despite the huge hype around quantum suggesting otherwise.

The ENIAC was useful despite its bulk, allowing programmers to do thousands of mathematical problems a second, and computations for the hydrogen bomb.

On the other hand, quantum computers are not yet suitable even for the niche roles that scientists hope they will one day fill. The idea that quantum computers might one day replace your laptop is still basically in the realm of science fiction.

But that doesnt mean that they cant one day be useful.

We know that quantum computers can solve a few sets of problems in a way that that ordinary computers just cant do, says Stace.

The famous one is factoring numbers. Finding the prime factors of a large number is genuinely a very difficult mathematical problem.

Because banks, governments, and anyone who wants to keep something secret all use factoring prime numbers for their digital security, our security systems would fall apart as soon as someone created a quantum computer that could outpace ordinary computers. Groups like the Australian Cyber Security Centre have already started putting in plans for when this eventually occurs.

Quantum computers could also fundamentally change the chemistry field, with more processing power to simulate better catalysts, fertilisers, or other industrial chemicals.

But this can only happen if quantum computers move beyond the realm they are in now what scientists call Noisy Intermediate Scale Quantum.

Computers are simply devices that can store and process data. Even the earliest computers used bits, a basic unit of information that can either be on or off.

Quantum computers are also devices that can store and process information, but instead of using bits, quantum computers use quantum bits or qubits, which dont just turn on and off but also can point to any point in between.

The key to quantum computers huge potential and also problems are these qubits.

Groups like IBM and Google have spent millions of dollars on creating quantum computers, no doubt buoyed by the riches for the company that comes first.

Their efforts so far have been relatively lacklustre.

The machines are clunky, each wire and qubit need to be individually placed or set up manually. The whole thing needs to be set up inside a freezer cooled down to almost absolute zero.

Despite all these safeguards the machines still have enough errors that its almost impossible to tell if the machines worked, or if these million-dollar systems are just producing random noise.

And even that is impressive to scientists like Stace.

Twenty years ago, if you had one qubit you got a Nature paper. Fifteen years ago, two or three qubits got you a Nature paper. Ten years ago, five qubits got you a Nature paper. Now, 70 qubits might get your Nature paper, says Stace.

Thats telling you what the frontier looks like.

Those on the frontier are aiming for supremacy quantum supremacy to be exact.

Quantum supremacy is a term given to a quantum computer that could solve a problem no classical computer could solve in a reasonable time frame. Its important to note though that this problem doesnt have to be useful. Theres been a debate in quantum circles about how useful and practical these sorts of problems, or simulations, actually are to prove quantum is better.

Googles machine called the Sycamore processor has currently got 70 qubits all lined up and connected. In 2019, the researchers had claimed theyd reached quantum supremacy. More recently, they went more specific suggesting that a top-level supercomputer would take 47 years to do the calculations that Sycamore managed to do in seconds.

IBM says its 433-qubit quantum computer called Osprey could soon start having real-world applications. However, while IBM is further ahead in number of qubits, it is still struggling with the same error issues as other quantum systems.

To get to a quantum computer that could rival supercomputers at actual tasks, you need hundreds of thousands, or millions of qubits rather than a few hundred. But the more qubits you have the more errors that end up in the system.

Quantum systems are typically single atoms or single particles of light. Naturally, these are very fragile and very prone to disturbance or noise, says UNSW quantum researcher and entrepreneur Professor Andrew Dzurak.

That noise causes errors in the qubit information.

Heat also causes errors; vibration causes errors. Even just simply looking or measuring the qubit stops it altogether.

Both Dzurak and Stace stress the importance of fixing these errors. Without it, you have a very expensive, fragile machine that cant tell you anything accurately.

How to fix these errors isnt yet certain. While IBM, Google and other big companies are using superconducting qubits, smaller groups around the world are using everything from silicon to imperfections in diamond.

Dzurak has formed a start-up called Diraq which is aiming to use traditional computer chip technology to mount the qubits, allowing easier design and the ability to pack millions of qubits on one chip.

We have a mountain to climb, and you have to go through the stages to get up that mountain, he says.

The work that is being done by [IBM and Google] in collaboration, often with university groups is important research and is moving the field forward.

Entanglement is another important aspect of quantum computers which makes them infinitely harder to make work. A quirk in quantum mechanics is that particles can become intrinsically linked, despite their distance. This means that if you measure one particle you can tell information about the other, even if youre halfway across the Universe. This is entanglement, and the more and more particles you can entangle, the more powerful your quantum computer can be.

But the more particles you entangle, the more complicated the system becomes, and the more likely it will break down.

Here the history of computers seems to be repeating.

While ENIAC in Maryland was an undisputed success, it wasnt the first design of a computer, not by a long shot. The first design of a computer called the differential engine was designed by a mathematician Charles Babbage in the 1820s.

But it wouldnt be built in Babbages lifetime.

Using only the technology available, it was impossible to fine tune the metal precisely enough to build the machine. It was doomed to fail from the start.

It wasnt until an invention of something seemingly unrelated vacuum tubes or valves that ENIAC and other types of computers could begin being built in earnest.

Its a hard thing to admit, but when it comes to quantum computers, we dont yet know whether were building the ENIAC or struggling with Babbages differential engine.

It might be the case that the components that were pursuing now arent just precise enough, in the same way that the machining tools that they had in the 19th century werent precise enough to make a mechanical computer, says Stace.

So where are we at with quantum computing? Not very far at all.

It could be that were somewhere between Charles Babbage and the valve. Weve got the idea, we know in principle we can make this thing. We just dont know if we have the engineering chops to do it.

Original post:
Where are we at with quantum computing? - Cosmos

ParTec AG becomes a Complete Integrator of Quantum Computers – HPCwire

MUNICH, Sept. 22, 2023 ParTec AG, the leading company in the field of modular supercomputing, announced today that as a result of its years of work in the field of quantum computing, it is positioning itself as a complete integrator of quantum computers. ParTec offers a comprehensive qubit-agnostic solution based on a component-based design. Similar to developments that took place in classical computing, a supply chain ecosystem with companies focussing on individual component technologies is emerging in the quantum space. This development allows ParTec AG to leverage its best-of-breed approach from supercomputing and collaborate with leading technology providers to offer comprehensive quantum complete solutions.

Bernhard Frohwitter, CEO of ParTec AG: Todays solutions for quantum computers are monolithic designs, mostly developed by qubit technology developers. This approach carries substantial risks for customers, in particular in terms of being tied to a specific provider and technology in a market that still is very volatile with respect to players and technologies. ParTec adopts a different, fresh and innovative approach that will lead to a strong market position.

The company aims to launch its first quantum computer in 2024. Dominik Ulmer, Chief Customer Solutions Officer at ParTec: Therefore, we have decided to start a project to establish a production facility for quantum computers in the Greater Munich area. The ParTec Quantum Factory is expected to start operations in the second half of 2024.

The company will initially invest five million euros in the construction of a production facility for assembly and testing of cryogenic and non-cryogenic systems.

Among ParTecs achievements in the field of quantum computing is the development of QBridge, a software solution that enables seamless integration of high-performance and quantum computers, created in collaboration with Quantum Machines, an Israeli developer of quantum control and orchestration products. In addition, ParTec is actively working on expanding its Parastation Modulo software, used in modular supercomputers. This expansion, Parastation Modulo 2.0, aims to bridge the gap to embed quantum computers into modular supercomputers. Furthermore, ParTec will deliver a superconducting complete solution and a cloud-based user access and management software infrastructure for the Israeli National Quantum Initiative (INQI), as well as establish a new laboratory for exploring hybrid quantum computing in collaboration with NVIDIA and the Jlich Supercomputing Centre (JSC).

The second worldwide quantum computer study by the International Data Corporation (IDC) predicts that potential customers spending on quantum computers will increase from 1.1 billion dollars in 2022 to 7.6 billion dollars in 2027, with a compound annual growth rate (CAGR) of 48.1% (2023-2027). The study further states, Quantum computing will revolutionize companies ability to solve some of the most complex challenges.

About ParTec AG:

ParTec AG specialises in the development and manufacture of modular supercomputers and quantum computers as well as accompanying system software. Its services include the distribution of future-oriented High-Performance Computers (HPC) and Quantum Computers (QC) as well as consulting and support services in all areas of development, construction and operation of these advanced systems. The approach of modular supercomputing represents a unique selling point and success feature of ParTec AG. Further information on the company as well as on ParTec AGs innovative solutions in the field of high-performance computing and quantum computing can be found at http://www.par-tec.com.

Source: ParTec AG

More here:
ParTec AG becomes a Complete Integrator of Quantum Computers - HPCwire

Quantum computing: From ‘just a few years away’ to an oncoming … – ITPro

Quantum computing has long been promised but has yet to genuinely deliver as a reality. Could the future finally be just around the corner?

In the last few months, IBM, Intel, and other vendors have all announced developments in the world of quantum computing. Intel unveiled its Tunnel Falls 12-qubit silicon-based chip, for example, while IBM announced plans to launch its first European quantum data center and cloud region another step forward for the quantum cloud.

Industry observers would be forgiven for feeling a distinct sense of deja vu regarding the announcements. Over the last decade or so, the technology has fallen victim to the IT hype cycle in the same way as artificial intelligence appears to have today.

However, while the noise of artificial intelligence (AI) has drowned out much of the quantum discourse in the public arena, engineers and scientists appear closer than ever to making the technology do something useful.

Step back from dire warnings quantum technology will render many encryption standards redundant as well as the steal now, crack later threat and one can detect some definite progress on the technology that appears perpetually just a few years away.

Raymond Simmonds, a physicist at the National Institute of Science and Technology, says heshopeful that useful results might show up within the next few years.

However, he also points out a more significant milestone was the point at which a quantum computer could perform a calculation simply not possible with regular classical computers. Thats probably still ten years away, he tells ITPro.

And, of course, that estimate is for a quantum computer designed for a specific task. Simmonds estimates a universal quantum computer one that could be reprogrammed in a similar way to classical computers was still 20 years away.

The issue is one of expectation. Its easy to forget how long ago the first mechanical switches were implemented, before being shrunk to vacuum tubes, then transistors, and finally to ever more densely packed microchips.

I think the difference with quantum computers is the bit itself, explains Simmonds, The mechanical switch was the first bit, and it absolutely worked. Our bits dont completely work.

Simmonds notes challenges around maintaining quantum coherence and error correction before declaring himself more optimistic than others in the field, who believe a practical universal quantum computer is impossible.

Nature published results from an IBM team in June 2023 showing quantum computing outperforming classical computers. The research attempted to simulate the dynamics of spins in a material model and accurately predict properties such as its magnetization.

One issue with quantum computing is how noisy things tend to be, making results less accurate than those obtained from a classical computer. However, the researchers were able to mitigate the errors and demonstrate IBMs Quantum Eagle quantum processor outperforming classical simulations.

We are now entering a new era of utility for quantum computing," said Daro Gil, Senior Vice President and Director of IBM Research.

Chip giant Intel also took a step forward with Tunnel Falls, a 12-qubit silicon chip, which will be made available to the quantum research community.

Jim Clarke, director of Quantum Hardware at Intel, said the plan was to build a full-stack commercial quantum computing system.

By making the technology available to the research community, Intel hopes to improve qubit performance and scalability. The follow-up to Tunnel Falls, already in development, is expected to be released in 2024.

However, as Clarke observes: There are still fundamental questions and challenges that must be solved along the path to a fault-tolerant quantum computer.

Therein lies the rub. While vendors continue to warn of the coming quantum storm Dells CTO issued a stark warning during Dell Technologies World 2023 its actual arrival always seems to be five years or so into the future.

At the other end of the spectrum is Chirag Dekate of Gartner, vice president of research covering quantum, AI, and supercomputing.

Dekate notes the perception that quantum always appears to be five years away, but struck an optimistic tone with the roadmaps being produced by companies such as IBM and Google.

The pace of innovation in the quantum field is, according to Dekate, outpacing that of the last decade. He goes further to predict the next ten years of quantum development would outpace the previous century of innovation.

I'm secretly hoping that the time window for practical exploitation is closer to three to five years, as opposed to ten years, he ssays.

Regardless of the when quantum computing becomes a practical option for businesses, Dekate says enterprises must begin preparing for an inevitable quantum future.

Although Dekate is optimistic technological hurdles can be overcome, he describes the industry as a Wild West, given the lack of standardization between varying quantum computing vendors. Standardizaing software layers, according to Dekate, will becrucial to creating a stable software ecosystem.

Despite technological challenges, such as error correction, Dekate sees a bright future for quantum computing in the near term.

Where its taken classical computing seven decades to reach todays standards, he says, in terms of quantum computing, this is going to happen over the next seven years.

Like we say that every enterprise today is a technology company, every enterprise in the future will be a quantum entity.

Go here to see the original:
Quantum computing: From 'just a few years away' to an oncoming ... - ITPro