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COLLEGE PARK Over the past few decades, quantum computing has developed from what many considered a science-fiction fantasy into what could be the next technological revolution. One local company, College Park-based IonQ Inc., could play a key role.

In what some are calling the quantum space race, governments around the globe are funding quantum computing research in an effort to become the worlds leading innovator. China spends about $2.5 billion on quantum research annually, more than 10 times what the U.S. spends, according to a report in The Wall Street Journal.

The quantum competition, reminiscent of the U.S.-Soviet era Sputnik space race, is expected to heat up under the Biden Administration, which plans to commit $180 billion to research and development and industries of the future, including quantum computing. That spending could provide a boost for IonQ, which was founded just six years ago.

Both Congress and the president have made clear they plan to invest in the research, technology and talent needed to keep the United States in the global vanguard of innovation, said Kara Sibbern, a IonQ spokesperson. At IonQ, we will be working with policymakers to support this effort however we can.

But whether new companies such as IonQ can compete in the brave new world of quantum computing is unclear. IonQ will be up against many U.S. and international companies, including heavy hitters like Google, Microsoft and IBM Corp.

Investors on Wall Street are closely watching the young company. In March, IonQ filed with the Securities and Exchange Commission to go public on the New York Stock Exchange by merging with dMY Technology Group Inc. III, a special-purpose acquisition company, or SPAC, based in Nevada. The deal is valued at about $2 billion. If the SEC approves the transaction, IonQ would be the first company in the U.S. focused specifically on quantum computing to go public.

Like many other companies that use SPACs to raise capital, IonQ is hoping that merging with an acquisition company will allow it to raise capital faster than by using a traditional initial public offering. Merging with dMY affords us greater speed to market, flexibility and ability to focus on business execution, said Sibbern. The deal is expected to be completed this year, but the company couldnt provide an exact date.

The stock offering marks a huge step for a computing technology that not long ago was widely thought to have little promise beyond the theoretical.

Quantum computers use the power of quantum physics to quickly solve problems and perform tasks faster than a conventional computer. The technology could speed up calculations related to finance, drug development, materials discovery, artificial intelligence and others.

Quantum computers function differently from conventional computers, which accounts for their speed. Conventional computers use a large number of tiny transistors, which represent information as either a 1 or a 0. Quantum computers differ in that they use qubits, which can represent and work with both numbers simultaneously. This is due to whats known as superpositioning.

To understand the principle of quantum superpositioning, it is often compared to a coin. Think of a single, stationary coin sitting on a table. It will be in only one of two states: heads or tails. Similarly, a transistor can only be either 0 or 1. But if you spin the coin, you can say its both heads and tails at the same time until the moment you stop it and see what it lands on. This is like a qubit. Until you measure it as a 0 or 1, it can exist in several different states at the same time.

So far, quantum computing is still in the research phase, far from widespread commercial use. IBM unveiled its first commercial quantum computer in 2019, IBM Q System One, but the device is not for sale. Rather, its a cloud-based product that customers can access over the internet to perform calculations.

However, executives at IonQ and other companies believe the industry is close to developing scalable products that can serve business needs.

We believe quantum computing will power the next technological revolution for humankind and that the dawn of the quantum age is here, said Chris Monroe, who co-founded IonQ and serves as the companys chief scientist. Like the information age, quantum is expected to have far-reaching impacts across every facet of our society.

According to Monroe, any corporation with an optimization problem can yield results from quantum computing. Were seeing exciting advances in artificial intelligence by applying quantum to machine learning, which can lead to even greater results, he said.

Important hurdles still exist for quantum. Eddy Zervigon, CEO of Quantum Xchange, a quantum-focused cybersecurity company in Bethesda said that while quantum computers can potentially lead to significant advancements, their speed and power could make it easier for hackers to break into the systems because current encryption methods wont be able to keep up.

This critical point in quantum computing is known as Q-Day, or the day in which quantum computers can render current encryption methods useless. No one is questioning if, but when this day will come, said Zervigon. Quantum Xchange, recently named one of the 20 most promising startups by Technical.ly DC, is dedicated to preparing companies and organizations for Q-Day by offering quantum-safe data protection.

IonQ was founded in 2015 by Monroe and Jungsang Kim. Both are professors in electrical engineering and computer engineering at Duke University in North Carolina. Both have also taught at the University of Maryland and are currently visiting professors in Marylands Physics Department.

The two previously spent more than two decades combined researching quantum physics and engineering. Monroe and Kim would later combine their efforts to publish a scientific paper, Scaling the Ion Trap Quantum Processor, which was published in 2013, and detailed how to build and scale a programmable quantum computer. The paper was noticed by Harry Weller, a venture capitalist with the Maryland-based New Enterprise Association, which provided IonQ with $2 million in seed money.

Between 2015 and 2018, IonQ raised an additional $20 million in funding from Google Ventures, Amazon Web Services and NEA. IonQ would later raise more than $55 million from investors such as Samsung Group, Lockheed Martin Corp. and others.

If IonQ succeeds, it could foster growth of other quantum computing and related companies in Maryland and the Washington area and drive billions of dollars of economic improvement over the next decade in the region, said Monroe.

He added that the University of Marylands support is contributing to the industrys growth. In 2020, IonQ opened a new Quantum Data Center, a 23,000-square-foot center in Marylands Discovery District. The site was made possible in part due to a $5.5 million investment from the university.

Charles Winthrop Clark, a fellow at the National Institute of Standards and Technology and the Joint Quantum Institute, offered a more measured but still optimistic view of quantum computings potential in the region. He notes that while a quantum industry wont do for the Washington metro region what the digital revolution did for Silicon Valley, there will be a lively quantum ecosystem in the DMV.

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Big bang theory: Maryland company moves ahead in quantum space race - The Star Democrat

Christian Weedbrook, founder of the quantum technologies company, Xanadu, listens in as Varun Vaidya, left, discusses the working principle of one of the building blocks of quantum computers, at their office in Toronto on June 20, 2019.

Tijana Martin/The Globe and Mail

Toronto startup Xanadu Quantum Technologies Inc. has raised US$100-million led by U.S. venture capital giant Bessemer Venture Partners as competition intensifies to bring quantum computers to market.

The financing, first reported by The Globe and Mail this month, is also backed by Canadian billionaire Jeff Skolls Capricorn Investment Group and U.S. investment giant Tiger Global and past investors Georgian, OMERS Ventures and U.S. venture capitalist Tim Draper. The funding values Xanadu at US$400-million post-transaction.

Notably, BDC Capital and In-Q-Tel, the U.S. Central Intelligence Agencys venture arm, also backed the deal. Both have invested in Burnaby, B.C.-based D-Wave Systems, which sold the first commercially available quantum machines. Despite 20 years of development and US$300-million of funds raised, D-Wave has struggled to commercialize its technology; last year it stopped efforts to sell hardware to focus on offering online access to its machines and completed a refinancing that wiped out most of the value of some investors.

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D-Waves technology is Quantum 1.0 and the rest of us are Quantum 2.0, Xanadu chief executive Christian Weedbrook said in an interview. I think there has been somewhat of a passing of the torch.

With the financing, Xanadu cements its status as one of the leading upstart companies in the global race to develop the worlds most powerful computers by harnessing the power of subatomic particles to perform calculations that would take current supercomputers millenniums to run. Industry players believe quantum computers could eventually offer powerful new ways to help with drug discovery, materials science, financial risk modelling and other applications.

Xanadu, alongside U.S. startups PsiQuantum Ltd., IonQ Inc. and Honeywell International Inc., are bringing newer approaches to a field that also includes global giants Microsoft, Google, Intel and IBM.

D-Wave and many rivals, including IBM, are developing machines that contain quantum chips that must be cooled to temperatures colder than deep space to function.

Xanadu and PsiQuantum are trying to draw their computing power from light. Xanadu uses a process called squeezing light by firing lasers that enable light particles to generate quantum effects on thumbnail-sized chips. IonQ and Honeywell, by contrast, are developing trapped ion technology that would draw power by creating charged ions from a rare-earth metal.

Xanadus method, based on Mr. Weedbrooks PhD thesis at Australias University of Queensland, happens at room temperature, and he believes with further development he can cut out supercooling, which is still required for a part of the process, altogether.

Without supercooling an elaborate undertaking Mr. Weedbrook says Xanadu can develop machines quicker and cheaper than other quantum computers and eventually shrink its chips enough that they could fit in small devices. By contrast, D-Waves computers are housed in shed-sized boxes.

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Mr. Weedbrook said Xanadu has managed to increase the number of qubits which replace the 1 and 0 bits of conventional computing and can simultaneously hold a mix of values and interact with each other in complex ways tenfold to 40 per chip in the past two years. He said Xanadus goal is to increase the number of qubits used to power its computers to one million. Thats where you can start solving a customers problems and start making an impact, he said.

The company wouldnt do that on a single chip, but by networking together many chips through fibre optics within new quantum data centres Xanadu hopes to eventually build. As with cloud computing, users would be able to access the technology over the internet to do their complex calculations. By distributing computing power across many chips, Mr. Weedbroook believes the company can correct for errors generated by the quantum computing process that experts have long identified as a major hurdle for developers.

Quantum computing is still early in its development. Some skeptics believe it will take many years and billions of dollars to develop functional, commercially successful machines that live up to their hype. If [Xanadus] invention becomes a reality, its the most important company in the country, Michael Hyatt, a Toronto tech entrepreneur and Xanadu investor, said.

For now, Xanadu is offering a handful of clients online access to its early machines and has created open-source software tools for developers to work with quantum computers. It is also designing and selling quantum computing hardware to universities, government labs and corporate customers to help fund its development. Mr. Weedbrook estimated the company was five years away from reaching a significant commercial scale. Our investors know [our technology] can really change the world and they take a long-term view.

Bessemer partner David Cowan, whose firm has also backed quantum computing startup Rigetti Computing, said in a statement, Xanadu impressed us as the leading contender to develop the first commercially valuable, photonic quantum computer. BVP is betting that in this decade quantum computers like Xanadus will make the conventional supercomputer look like an antiquated abacus.

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'Passing of torch' in quantum computing race as Toronto's Xanadu raises $100-million from Bessemer, CIA, Jeff Skoll - The Globe and Mail

A former White House cybersecurity coordinator told last weeks RSA Security conference that ransomware has gone from being an economic nuisance to becoming a scourge that must be fought by governments worldwide.

The conference took place against the backdrop of a cybersecurity industry increasingly challenged by attacks, many of them driven by ransomware.

Michael Daniel, chief executive of the Cyber Threat Alliance, told a panel that ransomware has evolved from economic nuisance eight years ago to a national security and public health and safety threat today.

He argued that it would require significant action to reduce the value that criminals got out of ransomware.

According to a March 2021 ransomware threat report by Palo Alto Networks, the average amount demanded by ransomware gangs doubled in 2020. The average ransom paid tripled in the last year to over $300,000.

The panel was recorded before details of the recent Colonial Pipeline ransomware attack emerged, so it could not discuss the lessons learned. As the conference was taking place, it emerged that Colonials chief executive Joseph Blount had transferred 75 bitcoin around $4.4m to the attackers because he was unsure of the attacks extent or Colonials prospects for recovery.

Alongside concerns about ransomware, the future impact of quantum computing and the lessons from the SolarWinds attack were also among the critical issues discussed during the RSA conference.

The ongoing development of quantum computing has been described as threatening the encryption algorithms that currently protect data, from online banking records to personal documents on hard drives.

Prominent members of a cryptographers panel at the conference played down quantum computings potential impact. Ron Rivest, one of the inventors of the RSA algorithm, described it as astonishing to me how much energy is going into the commercialization of technology that doesnt yet exist.

Rivest added that the number of start-ups involved in quantum computing meant that the amount of money being invested in the technology is incredible.

I think the two major questions are, Can you build a quantum computer at scale that will last long enough to do it a useful computation? and Are there useful applications for this technology, even if you could build it? And I think the answers so far are not clear and maybe.

In a separate session, SolarWinds chief executive Sudhakar Ramakrishna said the companys ongoing investigation into last years cyber breach found that the nation-state group behind it began probing SolarWinds network as early as January 2019.

Previously, it was widely believed that attackers first gained access to SolarWinds systems in October 2019. The breach, which impacted 100 companies and nine government agencies, remained undetected until December 2020, nearly two full years after the initial malicious activity.

What the RSA conference confirmed is that hackers remain several steps ahead of the cybersecurity industry. Ransomware attacks are increasing precisely because attacked companies like Colonial Pipeline will pay to keep their operations running. In the absence of effective government and industry action to thwart the attackers, theyll probably keep on paying.Related Report Download the full report from GlobalData's Report StoreGet the Report

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RSA conference highlights 'scourge' of ransomware and takes aim at quantum computing - Verdict

Our universe is a strange world of particles and energies, made even more exciting by their entanglement and confused identities. In this world, light sometimes behaves like a particle and other times like a wave and, when stripped to the smallest of entities in the universe down to the constituents of matter itself electrons, protons and other particles appear fuzzy instead of solid.

Quantum science is the study of this peculiar world, of the fascinating behaviour of the smallest particles in nature atoms and subatomic particles - and how to apply this knowledge to our immediate surroundings.

Today, it is also one of the most exciting fields of study, and many people believe that it will revolutionise the world as we know it. In fact, examples of the application of quantum science are all around us, from semiconductors, to MRI and lasers.

First developed as a discipline during the 20th century, quantum science has helped us understand the smallest particles around us, to unravel the mysteries of the universe. Yet, it itself still remains largely unknown and mysterious.

The field of quantum science is undergoing its second revolution. The first revolution was concerned with developing our understanding of quantum physics.

In those nascent days, scientists were splitting the atom to understand the properties of elements. Later they developed quantum effects such as quantised energy and Q-tunneling.

Today we are in the midst of Quantum Science 2.0 which is more concerned with manipulating quantum mechanics and finding new applications, particularly in the areas of communications and computing.

This phase is also characterised by increased industry participation.

Last year, quantum science received a huge fillip in India as the finance minister launched a National Mission on Quantum Technologies and Applications, with an outlay of INR 8,000 crore to be spent over the following five years.

The mission, first announced during Union Budget 2020, intends to put India on the global quantum science map and to counter the aggressive efforts in the field by USA China, and nations in the European Union.

For students, this is an opportune time to enter the field. Most of the developments in the domain are either in mathematics or in computer science connected with extremely-low-temperature physics.

Depending on ones inclination, one can take an experimental route in a physics laboratory that specialises in quantum computing, or in schools that work on the mathematics of computer algorithms.

In India, we are still at a very nascent stage in quantum science, however, with research accelerating recently, there lies much potential in a quantum mechanics career in academic research with leading institutes.

Where can you work? Scientists can also opt to work in countries like the USA, UK, Germany, Netherlands, Switzerland, and France, where most of the research in the field is being conducted today.

Alternatively, they can avail employment opportunities in corporate R&D, with organisations such as Google, Microsoft, and IBM.

Educational eligibility: Whether one works in academic or corporate research, a doctorate is usually the minimum requirement. A quick glance through job listing websites shows that candidates are usually expected to possess a PhD in areas like physics, computation, astronomy, and information science.

Expected salary: Leading companies, such as IBM, can offer annual salaries ranging from INR 1,44,000 to INR 5,57,000. These salaries are expected to rise further as the field continues to develop.

Job roles: Career roles can range from quantum researcher, quantum analyst, to quantum computing principal.

Quantum science is undoubtedly one of the most exciting fields of research. It can be seen as the science of tomorrow, the field where our next big inventions will likely come from.

For students in the field, it is the excitement of working in a revolutionary field that is often the biggest motivator.

They have the chance to understand the smallest of particles, explain the mysteries of the universe, and even change our world as we know it.

- Article by Dr. Mayank Vahia, Dean, School of Mathematical Sciences, SVKMs NMIMS and Dr. Priyabrata Bag, Associate Professor, School of Mathematical Sciences, SVKMs NMIMS

Read: Is it a good idea to pursue research in India?

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Read: India is gearing up to join the quantum computing race

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Want to study Quantum Science? Check out the research and job opportunities, salary, job roles in this field - India Today

IBM and The Grainger College of Engineering at the University of Illinois Urbana-Champaign plan to launch a large-scale collaboration designed to increase access to technology education and skill development, and to combine the strengths of academia and the industrial sector to spur breakthroughs in emerging areas of technology. Specifically, the planned collaboration will focus on the rapidly growing areas of hybrid cloud and AI, quantum information science and technology, accelerated materials discovery, and sustainability to accelerate the discovery of solutions to complex global challenges.

This planned collaboration will be centered in the creation of the new IBM-Illinois Discovery Accelerator Institute, housed within The Grainger College of Engineering at the University of Illinois Urbana-Champaign (UIUC). It will be funded by a ten-year planned research investment from IBM and UIUC, complemented by a major new building project which will house research activities in quantum information, high-performance computing, hybrid cloud and networked environments with support from the State of Illinois, bringing total investments to more than $200 million. The newly planned Discovery Accelerator Institute will feature deep collaborations to develop communities of discovery across IBM, Grainger Engineering and the UIUC campus; research funding for UIUC in hybrid cloud, quantum information, materials, and sustainability; hiring of additional faculty and talent at UIUC; and a new facility for research in computing and quantum technologies at UIUC.

The IBM-University of Illinois collaboration is a tremendous development for our state and a testament to Illinois leadership as a hub of quantum research and artificial intelligence development, said Illinois Governor J.B. Pritzker. This IBM investment will not only lift up a world class educational institution, but also will invite national and international scientists, entrepreneurs, businesses, and innovators to Illinois. Our state has made nation-leading commitments by investing $200 million to support groundbreaking work at the Chicago Quantum Exchange, as well as $500 million for the Discovery Partners Institute and the Illinois Innovation Network. Following that, the federal government awarded our state more than $200 million in grants for two National Quantum Information Science Research Centers, along with two National Science Foundation artificial intelligence grants. The IBM Institute cements The Grainger College of Engineering and the entire University of Illinois system at the forefront of technological advancements in quantum computing, AI, and hybrid cloud, and it sets our state up to become a serious technology industry leader on the international stage. I am thrilled to welcome IBM to Illinois.

The planned Institute will emphasize initiatives to increase access to STEM education and high-tech workforce development, as well as expand the collective research capacity of IBM and UIUC by tapping into the intellectual talent of students, faculty and industry researchers campus-wide. Together, these teams will tackle the urgent complex challenges faced by industry and academia, including the need for a more secure and flexible artificial intelligence-driven global cloud infrastructure, advancing the frontiers of quantum computing and technologies, applying technology to the discovery and creation of new materials, and engineering solutions for sustainability and the environment.

When launched, the Discovery Accelerator Institute will serve as a leading model for collaboration between the private sector and academia. It will facilitate connected and interactive research, weaving together the strong scientific foundation of an academic institution and the real-world translational expertise of a large industrial research organization.

In the planned Discovery Accelerator Institute, IBM Research teams and University of Illinois faculty and students will work side-by-side on projects to accelerate:

I couldnt be more excited about the new model of partnership we are building with the University of Illinois-Urbana Champaign, said Arvind Krishna, CEO of IBM. The Discovery Accelerator Institute will help drive innovations in hybrid cloud, AI and quantum computing, which are critical for the future of business and society. Were bringing together some of the brightest minds across both the industry and academia. Im eager to see the groundbreaking research and solutions the teams will pioneer from the discovery of new materials to carbon capture.

This institute with IBM is a pioneering new model of how we can build academic and researcher collaboration into technology and innovation at unmatched excellence and scale, said Robert J. Jones, chancellor of the University of Illinois Urbana-Champaign. What excites us the most is imagining the exponentially expanded possibilities in these new emerging fields that will define the 21st century.

In addition to advancing technology research, the Discovery Accelerator Institute, IBM and UIUC will aim to drive job creation, industrial sector growth and new economic growth for the State of Illinois. The Institute aligns with the goals of the Illinois Innovation Network, including the Discovery Partners Institute of the UI System, and the mission of P33, to further seed and expand workforce development and diversity for future science and information technology opportunities across the state. Additionally, IBM and the U of I intend to fuel and broaden a more diverse talent and leadership pipeline for the growing hybrid cloud, AI, quantum information, materials discovery, and sustainability ecosystems.

This new collaboration builds on the foundational success of the IBM-Illinois Center for Cognitive Computing Systems Research (C3SR) since 2016. Building on that success, new collaborations between IBM researchers and Illinois faculty will allow for faster translation of bleeding-edge innovation to society, said Rashid Bashir, dean of The Grainger College of Engineering. We are thrilled to be enhancing our shared vision of advancing hybrid cloud, quantum, materials, sustainability and the future of discovery itself with IBM.

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IBM and the University of Illinois Plan to Launch New Discovery Accelerator Institute Homeland Security Today - HSToday