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IBM says it will install an IBM Quantum System Two processor at the Korean Quantum Computing (KQC) site by 2028.

The KQC site in Busan, South Korea has operated as an IBM Quantum Innovation Center since 2022. As a result of this expanded partnership, in addition to the installation of the new processor, KQC members will have access to IBMs full-stack solution for AI, including watsonx and Red Hat OpenShift AI.

In a statement, IBM said the collaboration would also include an investment in infrastructure to support the development of generative AI through the deployment of advanced GPUs and IBM's Artificial Intelligence Unit (AIU), managed by Red Hat OpenShift.

"KQC is providing versatile computing infrastructure in Korea through our collaboration with IBM, said Ji Hoon Kweon, Chairman of KQC. Our robust hardware computing resources and core software in quantum and AI are poised not only to meet the growing demand for high-performance computing, but also to catalyze industry utilization and ecosystem development.

He added: We are working to diligently enhance services and infrastructure through this collaboration as well as with our industry-specific partners.

The IBM Quantum System Two was unveiled at the companys quantum summit in December. The modular quantum computer a 22 ft wide, 12 ft high machine that is currently operational at IBMs New York lab is powered by three of the company's Heron chips and combines cryogenic infrastructure with modular qubit control electronics.

IBM Quantum Two will be used by the company to realize parallel circuit executions for quantum-centric supercomputing.

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IBM Quantum System Two processor to be installed at Korean Quantum Computing site - DatacenterDynamics

LEESBURG, Va., Jan. 31, 2024 /PRNewswire/ -- Quantum Computing Inc. ("QCi", "we", "our" or the "Company") (Nasdaq: QUBT), an innovative quantum optics andnanophotonics technology company,today announced new leadership appointments as the Company readies for an active 2024 with an anticipated market-disruptive product release schedule. William (Bill) J. McGann, Ph.D., a globally recognized leader in commercialization of innovative technology, has been appointed CEO of Quantum Computing Inc. Dr. McGann succeeds QCi's co-founder Robert Liscouski who remains Chairman of the Board to help oversee the Company's growth and expansion.

Dr. McGann has a decade-long track record for transforming credible science into practical technology in steps of innovation, engineering, and leadership. In his role as QCi's CTO, Dr. McGann has driven the launch of QCi products in the areas of quantum optimization machines, reservoir computing for AI, quantum remote sensing, and quantum random number generation in 2023. Bill and the team are leading the charge in the Company's mission to provide "accessible and affordable" quantum technology to the world. Over the course of his professional career, Dr. McGann has held numerous business and technology leadership positions.

Dr. McGann began his entrepreneurial journey in 1990, where he was a co-founder of a disruptive technology innovation company, Ion Track Instruments. There, he and the team created a revolutionary new explosives trace detection technology and methodology that is widely deployed around the world today. After successfully capturing a majority of the global market share in this industry, he sold Ion Track to GE and formed the GE Security business unit in 2002, where he continued to create new technologies to further grow the industry. Since then, Dr. McGann has led and driven innovative product design in several businesses, both large and small, which include United Technologies, Implant Sciences Corporation, L3 Harris Corp., and then Leidos as CTO of the Security and Automation division.

Dr. McGann received his Ph.D. in Chemical Physics from the University of Connecticut and holds undergraduate degrees in both chemistry and biology. He has authored over 70 research proposals (SBIR) for the U.S. government, dozens of scientific publications, and 26 patents in the areas of nuclear, chemical and biological detection technologies.

Commenting on Dr. McGann's appointment, Robert Liscouski, co-founder and Chairman of Quantum Computing Inc., shared, "Over the past six years, QCi has evolved into an innovative leader of nanophotonic quantum technologies. We believe we are about to revolutionize the market with another breakthrough technology that delivers processing power, accuracy and speed at minimal energy usage at a reasonable price as true to our mission of providing accessible and affordable quantum technology to the world. I am proud to have led QCi through inception to this inflection point where it is positioned for significant growth in 2024. While I will continue to be meaningfully engaged at QCi going forward, I believe it is time to pass the baton to the next phase of leadership to take this Company to the next level. Bill and the team are poised to introduce value-creation and cost-effective quantum technologies that will change the market as we know it today. We are fortunate to have the right combination of extraordinary talent with a passion and unwavering commitment to this company to carry us into the future."

Mr. Liscouski intends to use his more than 35 years of national security experience, including his service as the first U.S. Assistant Secretary forInfrastructure Protection of the U.S. Department of Homeland Security, President of Implant Sciences Corporation, Global Director of Information Assurance at the Coca-Cola Company, and a visiting fellow at the Center for Strategic and International Studies in Washington, D.C. to further support the Company's progress in commercializing its highly innovative technology, while providing strategic direction and corporate governance to grow shareholder value. In his role as Chairman, Mr. Liscouski will remain active in guiding the business strategy and direction.

Dr. McGann added, "Bob has tirelessly led the business and accomplished much in his role as CEO and has built a solid foundation for QCi's success. As the new leader, I will leverage these accomplishments and progress to accelerate the Company's growth through the commercialization of our core technologies and continue to innovate and deliver important technologies for a better world consistent with our moto "Quantum Machines for a Brighter Future".

For additional information on the Company's suite of solutions, please visit our websiteor contact our team directly.

About Quantum Computing Inc. (QCi)

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, using nanophotonic-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. QCi's 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. QCi's 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 Company's 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.

Important Cautions Regarding Forward-Looking Statements

This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. Those statements include statements regarding the intent, belief or current expectations of QCi and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.

QCi undertakes no obligation to update or revise forward-looking statements to reflect changed conditions. Statements in this press release that are not descriptions of historical facts are forward-looking statements relating to future events, and as such all forward-looking statements are made pursuant to the Securities Litigation Reform Act of 1995. Statements may contain certain forward-looking statements pertaining to future anticipated or projected plans, performance and developments, as well as other statements relating to future operations and results. Words such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," "aim to," or variations of these or similar words, identify forward-looking statements. These risks and uncertainties include, but are not limited to, those described in Item 1A in QCi's Annual Report on Form 10-K and other factors as may periodically be described in QCi's filings with the U.S. Securities and Exchange Commission.

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SOURCE Quantum Computing Inc.

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Quantum Computing Inc. Board of Directors Appoints Dr. William McGann as the Company's CEO and Co-Founder ... - Marketscreener.com

Picture a computer that doesnt just crunch numbers, but juggles possibilities like a cosmic circus. Thats the essence of quantum computing, a realm where the bizarre rules of the quantum world unlock mind-bending computing power. Buckle up, because were about to embark on a journey through superpositions, qubits, and the potential to rewrite the future of technology.

But before we blast off, lets set the scene. Imagine a normal computer bit like a light switch. Its either on (1) or off (0) simple, right? Now, enter the quantum realm, where things get a little weirder. Here, qubits are like those fancy dimmer switches. They can be on, off, or anywhere in between, all at the same time! This weirdness is called superposition, and its the key to quantum computings superpower.

So, how does this magic translate to superpowered calculations? Imagine trying every combination of a lock at once. Thats kind of what qubits do for certain problems. They can explore multiple solutions simultaneously, making them incredibly fast for tasks like:

But this journey isnt without its twists and turns. Quantum computers are still in their early stages. Think of them like the first, clunky computers of the 1940s lots of potential, but not quite ready for your daily tasks. Right now, theyre mostly used for research and development, with companies like Google, IBM, and Microsoft racing to build bigger and better machines.

So, what does the future hold? Buckle up, because its a wild ride! Quantum computing could revolutionize fields like:

But its not all sunshine and rainbows. Quantum computing also raises important questions about:

The bottom line? Quantum computing is a game-changer with the potential to rewrite the rules of technology. Its a complex journey, but one filled with incredible possibilities. So, keep your curiosity sharp, and stay tuned for the next chapter in this fascinating story!

I hope to continue writing about cool techy stuff like this. If you enjoyed this please consider liking it thanks! 🙂

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Decoding the Quantum Puzzle: A Deeper Dive into the Future of Computing - Medium

US-based VCs are holding tight to a large amount of cash as they navigate a capricious startup environment and investment landscape. While deemed an important enough technology to warrant export restrictions, quantum computing is not high on the list of safe investment bets, and has also suffered from the drop in funding activity. However, across the pond, things are looking brighter for the European quantum ecosystem. That is according to a report released today by Finnish quantum hardware company IQM, along with VCs OpenOcean and Lakestar. The report analyses VC investment, government funding, as well as national quantum strategies. Globally, investment in quantum startups dropped from $2.2bn in 2022, to $1.2bn in 2023, plummeting a massive 80% in the US. However in the EMEA region, it instead grew by 3%. Quantum requires a patient kind of investor. Apart from a few cases where quantum computer companies have carved out a commercial niche for themselves in what is known as the NISQ (Noisy Intermediate-Scale Quantum) era, investors need to adjust their expectations on return timelines.

To fully realise the potential of quantum computing, investors have a once-in-a-lifetime opportunity to guide quantum startups in strategic areas of the ecosystem and contribute to quantums strategic global growth, Ekaterina Almasque, general partner at OpenOcean stated in the report. Meanwhile, she also added that profiting from this new paradigm of compute would require funders to replicate the success of far-seeing investors in companies like Intel, Arm, and Nvidia.

OpenOcean first invested in IQM for the companys $13mn seed round in 2019, and has also participated in subsequent rounds.

Most European countries have developed national quantum strategies by now. In addition, the EU has stated it wants to become the Quantum Valley of the world.

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Some quantum computing centres in Europe include the House of Quantum in Delft, The Netherlands; Quantum Basel in Switzerland; VTTs technical research centre in Finland; and the Polish Pozna Supercomputing and Networking Center (PSNC). Furthermore, the UKs National Quantum Computing Center (NQCC) is scheduled to open later this year in Oxford. Speaking to Euractiv, Almasque said there is a strong correlation of the number of startups in those regions with the national labs, supported by a strategic approach across Europe. Basically, it [Europe] started slower to invest, but actually the investments are steadily growing, while in the US it started very sharply and then declined with a general drop in VC funding, Almasque told the publication.

The report predicts that the key areas for quantum in 2024 will be more on-premise as opposed to cloud access due to security concerns, high short-term costs for uptime on quantum computers vs. conventional HPC systems, the quantum readiness of teams in organisations, sustaining interest through strategic communication, and hybrid solutions for conventional and quantum computing systems.

Another key finding of the report was that interviewees believed that, while quantum machine learning should remain of importance, AI was cannibalising attention, investment, and interest away from quantum computing. Indeed, quantum technologies remain a niche sector, attracting only 1% of total VC funding. But for early movers, the returns could prove nothing short of astronomical. The global quantum computing market is predicted to grow from $9.3bn in 2022, to $203.1bn by 2032.

One of the themes of this years TNW Conference is TNT The Next in Tech: Igniting Tomorrows Techscape. If you want to go deeper into all things quantum and startups, or simply experience the event (and say hi to our editorial team), weve got something special for our loyal readers. Use the code TNWXMEDIA at checkout to get 30% off yourbusiness pass,investor passor startup packages (Bootstrap&Scaleup).

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Europe outpacing US on quantum investment, report finds - TNW

Acquired US-Based Integrated Photonics Division Strengthens Companys Immediate and Long-Term Roadmap in Quantum Computing

LONDON(BUSINESS WIRE)ORCA Computing, a leading quantum computing company, has announced the acquisition of the Austin, Texas-based Integrated Photonics Division of GXC. This division is known for delivering advanced photonics solutions to top U.S. commercial and government entities including the Defense Advanced Research Projects Agency (DARPA). Capitalizing on ORCAs momentum of market success through the deployment of four PT-1 quantum photonics systems in 2023, this acquisition leapfrogs the company ahead, bypassing years of investment in and exploration of traditional integrated photonics materials. It positions the company at the forefront of the worldwide race to deliver powerful, scalable quantum computers.

In connection with the acquisition, ORCA Computing acquired photonics-related assets of GXC, including intellectual property and existing technology. The Texas based team, bringing over a century of combined industry experience, will merge with ORCA Computings existing teams. Through this acquisition, ORCA will bring to market new and promising hybrid photonic materials, enhancing the performance of ORCAs current PT Series products and achieving significant progress toward scalable, fault-tolerant quantum computing in 2024, and beyond.

We are thrilled to welcome some of the best and brightest minds in integrated photonics to the ORCA family, expressed Richard Murray, PhD, Co-founder, and CEO of ORCA Computing. With this acquisition, we continue our strong track-record of success, pursuing and integrating cutting edge components to deliver the very best technology to our customers.

ORCAs timely absorption of an integrated photonics division that has expertise with novel materials represents a well-calculated move that could provide substantial capabilities in a key QC technology sector, stated Bob Sorensen, Senior Vice President of Research and Chief Analyst for Quantum Computing at Hyperion Research, LLC. ORCA Computing is positioning itself to face the challenges of effectively scaling quantum computing systems and leveraging low-loss integrated photonics smartly within their modular architectures. In doing so, the company has further positioned itself to be a leader in the market.

From the start, ORCA has experienced rapid growth and success. Beginning with being selected to lead the record 11.6 million grant project from the UK government to construct a quantum data center of the future. Since then, ORCA has subsequently achieved commercial success, providing PT Series units to customers such as the UK Ministry of Defence and the Poznan Supercomputing and Networking Center. Additionally, the company has undertaken numerous initiatives for major government and enterprise clients in the Energy, Defense, and HPC sectors.

Standing out among other quantum computing companies, ORCA Computing is selling real, scalable systems that can interoperate with classical HPC systems, said Steve Conway, Senior Analyst at Intersect360 Research. The addition of an in-house photonic integrated circuit design capability is a crucial differentiator for customers seeking commercially viable and performant quantum systems.

ORCA Computing has enhanced our scientific research and development by providing on-premises access to quantum computing technologies and extending our advanced photonic and quantum communication lab facilities, said Krzysztof Kurowski, Technical Director at Poznan Supercomputing and Networking Center in Poland. This strategic acquisition validates our choice of ORCA Computing, and we look forward to our collaboration as they evolve their forward-looking roadmap.

About ORCA Computing

ORCA Computing, established in 2019, is a leading developer and provider of full-stack photonic quantum computing systems. Originating from the University of Oxford, the company introduces an innovative approach to photonic quantum computing. Anchored in a modular optical fiber-based architecture, ORCAs proprietary methods of manipulating the time, frequency and switching of single photons paves the way for quantum computing using significantly fewer components.

Last year, ORCA made waves by supplying the UK Ministry of Defences first quantum computer, in addition to three other installations carried out in 2023. For more information, please visit http://www.orcacomputing.com.

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ORCA Computing Leaps Forward in Quantum Computing Race with Acquisition - Silicon Canals