Archive for the ‘Quantum Computing’ Category

Quantum Computing Now And In The Future: Explanation, Applications, And Problems – Forbes

A new generation of computer technology is on the horizon, which many think will eventually increase the computing power available to humanity by factors of thousands or possibly even millions. If this happens, it could vastly increase the speed at which we can carry out many vital tasks, such as discovering and testing new drugs or understanding the impact of climate change.

Quantum Computing Now And In The Future: Explanation, Applications, and Problems

Quantum computing is already with us in limited form. But the next five to 10 years may see it leap into the mainstream in the same way that classical computers moved from labs and large corporations to businesses of all sizes, as well as homes, in the 1970s and 1980s.

However, as well as big leaps forward in what we are able to do with computers, they also require us to face up to a new set of problems, specifically around the threats they pose to security and encryption. And some people think that, in fact, quantum computers may never be useful at all due to their complexity and the limited amount of tasks at which they have been shown to be superior to classical computer technology.

So, heres my overview of where we currently are and where were hoping to get to with quantum computing, with expert input from my most recent podcast guest, Lawrence Gasman, co-founder and president of Inside Quantum Technology and author of over 300 research reports.

What is quantum computing?

Like everything involving the quantum (sub-atomic) domain, quantum computing isnt the easiest concept to get your head around. Fundamentally, the term describes a new (or future) generation of super-fast computers that process information as qubits (quantum bits) rather than the regular bits ones and zeroes of classical computing.

Classical computers are really just much more sophisticated versions of pocket calculators they are based on electrical circuits and switches that can be either on (one) or off (zero). By stringing lots of these ones and zeroes together, they can store and process any information. However, their speed is always limited due to the fact that large amounts of information need a lot of ones and zeroes to represent it.

Rather than simple ones and zeroes, the qubits of quantum computing can exist in many different states. Due to the strange properties of quantum mechanics, this might mean they can exist as one and zero simultaneously (quantum superposition). They can also exist in any state between one and zero.

As Gasman explains, That means you can process a lot more information on a quantum computer, and that means you can do some problems much faster. And sometimes that really matters sometimes its not whoopee I can do this in two hours instead of two days, its whoopee I can do this in two hours instead of nine million years.

Nine million years sounds like the sort of number that people only use when they are exaggerating, but according to some estimates, quantum computers will operate 158 million times faster than the fastest supercomputers available today.

Theres one important caveat, though currently, quantum computers are only really useful for a fairly narrow set of uses. Dont expect to simply be able to plug a quantum processor into your Macbook and do everything that you can do on it now, but millions of times quicker.

So what can quantum computing do better than classical computing?

The truth is that classical computers can solve all of the problems that quantum computers will solve there hasnt yet been a use case discovered for quantum computers that cant already be done with classical computers.

The problem, Gasman tells me, is that it will take classical computers so long to solve them that anyone who starts looking for the answer today will be long dead!

In particular, they are potentially hugely useful for a set of problems known as optimization problems. The idea is illustrated by imagining a traveling salesman who has to visit a number of towns, in any order but without retracing their steps, and doing it while covering the shortest distance (or in the shortest amount of time) possible. Elementary mathematics can show us that as soon as there are more than a few towns, the number of possible routes becomes incredibly high millions or billions. This means that calculating the distance and time taken for all of them in order to find the fastest can take a huge amount of processing power if we're using classical binary computing.

This has implications for fields as diverse as tracing and routing financial transactions across global financial networks, developing new materials by manipulating physical or genetic properties, or even understanding how changing climate patterns affect the world around us.

Gasman tells me, "The ones that have the most potential are, I'd say, in very large banks but if you're a big corporation and you're giving Goldman Sachs a billion dollars to look after, do you really want them to put it in the hands of some newfangled technology? A certain level of trust will have to be established but all the big banks have their own quantum teams now exploring what can be done in the next five to 10 years.

What are the challenges around quantum computing?

Firstly, there are some pressing physics challenges that need to be solved. Qubits themselves, when existing in a physical state as they need to do to represent data and allow computation to take place, are highly unstable. This means they must be held in a super-cooled environment, even to exist for just a few nanoseconds, in order to be of use. This means that quantum computing is currently very expensive, and only the largest companies and best-funded research organizations can afford to own them.

This means that assessing use cases is an expensive and time-consuming process too. Already one use creating more efficient MRI scans - has proven to be a dead end, Gasman tells me.

Its also been suggested that cosmic rays could pose an obstacle to the widespread adoption of quantum computing. Moreover, the errors caused by the phenomena which can affect even classical computing could be even more impactful on the hyper-sensitive engineering needed to harness qubits on a large scale usefully.

Theres also a critical shortage of people with the skills to develop and work with quantum computers. As Gasman puts it, what you want is someone who is a computer scientist, and a physicist, and an expert on pharmaceuticals or finance the specifics of the disciplines are so different that getting people to talk to each other is quite difficult!

Finally, as well as the challenges around implementing quantum computing, we cant ignore the challenges that the technology will potentially create itself when it is widespread.

The one causing the biggest headaches right now is the threat it poses to encryption. Digital cryptography is used today to secure everything online, as well as all of our communications and information, such as military, commercial and national secrets. It works on the basis that encryption methods are so complex it would take classical computers millions or billions of years to crack them by brute-forcing every possible password or key. However, to quantum computers, doing so could be trivial.

"It's a huge issue," Gasman tells me. If I have something encrypted on my machine and its broken by somebody in nine million years, Im not likely to care that much!

But then it turns out that with a quantum computer, it can be decoded like, now this is a real problem!

"We don't have such a quantum computer, and the estimate of when it might appear is anything from five years to never I think it will happen sooner rather than later.

The problem is currently being taken very seriously by governments as well as corporations, which are both putting resources into developing what is known as "post-quantum encryption" so that, hopefully, all of their deepest secrets won't suddenly be laid bare.

What is in store for the future of quantum computing?

The first developments we are expected to see are likely to mirror those that occurred as classical computers moved from being lab toys or something only the largest corporations could afford in the latter half of the 20th century.

This is likely to follow the format of the transition from mainframes (filling entire buildings) to minicomputers (filling rooms) and eventually to microcomputers that could live on our desks.

This democratization of access to quantum power will lead to new use cases as businesses will be able to put it to the test against their own specific sets of challenges.

Gasman says, "A fifty-thousand dollar computer is something that most medium-sized companies can afford an eight-hundred thousand dollar computer not so much.

Problems where quantum computers will potentially be put to use include monitoring and predicting traffic flow across complex urban environments or even processing the huge amounts of data necessary for artificial intelligence and machine learning. If one day humans are able to model a system as complex as a biological brain paving the way for true AI it almost certainly wont be by using classical computing.

Gasman says, "The exciting thing for me is the breakthroughs that are likely to happen. To mix metaphors, the world is quantum computing's oyster. There are lots of good reasons to be in classical computing, but if you're looking for the massive breakthroughs it aint going to happen. Thats the excitement of quantum computing.

You can click here to watch my webinar with Lawrence Gasman, president, and co-founder of IQT Research, where we take a deeper dive into the future of quantum computing and what it means for the world.

To stay on top of the latest on the latest business and tech trends, make sure to subscribe to my newsletter and have a look at my book Business Trends in Practice, which just won the Business Book of the Year 2022.

You can also follow me on Twitter, LinkedIn, and YouTube. And dont forget to check out my website.

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Quantum Computing Now And In The Future: Explanation, Applications, And Problems - Forbes

Baidu Releases Superconducting Quantum Computer and World’s First All-Platform Integration Solution, Making Quantum Computing Within Reach – PR…

BEIJING, Aug. 25, 2022 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888) ("Baidu" or the "Company"), a leading AI company with strong Internet foundation, today announced its first superconducting quantum computer that fully integrates hardware, software, and applications. On top of this, Baidu also introduced the world's first all-platform quantum hardware-software integration solution that provides access to various quantum chips via mobile app, PC, and cloud. Launched at Quantum Create 2022, a quantum developer conference held in Beijing, this new offering paves the way for the long-awaited industrialization of quantum computing.

A revolutionary technology that harnesses the laws of quantum mechanics to solve problems beyond the reach of classical computers, quantum computing is expected to bring ground-breaking transformations in fields like artificial intelligence (AI), computational biology, material simulation, and financial technology. However, a significant gap remains between quantum devices and services.

"Qian Shi"[1], Baidu's industry-level superconducting quantum computer incorporates its hardware platform with Baidu's home-grown software stack[2]. On top of this infrastructure are numerous practical quantum applications, such as quantum algorithms used to design new materials for novel lithium batteries or simulate protein folding.

Qian Shi offers a stable and substantial quantum computing service to the public with high-fidelity 10 quantum bits (qubits) of power. In addition, Baidu has recently completed the design of a 36-qubit superconducting quantum chip with couplers, which demonstrates promising simulation results across key metrics.

As quantum computing continues to experience remarkable progress, a large number of enterprises are exploring how quantum computing will contribute to their real-world businesses. This has led to the development of "Liang Xi"[3], the world's first all-platform quantum hardware-software integration solution that offers versatile quantum services through private deployment, cloud services, and hardware access. Liang Xi is able to plug into Qian Shi and other third-party quantum computers, including a 10-qubit superconducting quantum device and a trapped ion quantum device developed by the Chinese Academy of Sciences. Users can conveniently visit these quantum computational resources via mobile app, PC, and cloud.

"With Qian Shi and Liang Xi, users can create quantum algorithms and use quantum computing power without developing their own quantum hardware, control systems, or programming languages," said Dr. Runyao Duan, Director of the Institute for Quantum Computing at Baidu Research. "Baidu's innovations make it possible to access quantum computing anytime and anywhere, even via smartphone. Baidu's platform is also instantly compatible with a wide range of quantum chips, meaning 'plug-and-play' access is now a reality."

These latest innovations are backed by Baidu Research's Institute for Quantum Computing, whose technological footprint covers a wide range of areas, including quantum algorithms and applications, communications and networks, encryption and security, error correction, architecture, measurement and control, and chip design. Across more than four years of research and development, Baidu has submitted over 200 core technology patent applications in the quantum technology field.

About Institute for Quantum Computing at Baidu Research

The Institute for Quantum Computing at Baidu Research was established in March 2018 by Dr. Runyao Duan, founding director of the Quantum Software and Information Centre at the University of Technology Sydney. With quantum computing playing a crucial role in next-generation computing technology, Baidu aims to integrate quantum technologies into Baidu's core business, with the institute developing towards the goal of becoming a world-leading Quantum Artificial Intelligence (AI) research.

The Institute for Quantum Computing at Baidu Research aims at building full-stack quantum software and hardware solutions, and focuses on the breakthrough in fundamental Quantum research, the construction of autonomous and controllable quantum Infrastructure, the acceleration in practical quantum frontier Applications, and the development of industrial quantum Network, which altogether form Baidu's QIAN strategy. In building an open and sustainable quantum ecosystem, Baidu strives to achieve the vision of a world where "Everyone Can Quantum".

About Baidu

Founded in 2000, Baidu's mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on the NASDAQ under "BIDU" and HKEX under "9888." One Baidu ADS represents eight Class A ordinary shares.

Note:

1. Qian Shi () means "the origin of all things is found in the heavens" in Chinese.

2. Baidu's quantum software stack includes Quanlse, a cloud-based platform for quantum control, Quantum Leaf, a cloud-native quantum computing platform, QNET, a quantum network toolkit, QEP, a quantum error processing toolkit, and Paddle Quantum, a quantum machine learning platform. Learn more at quantum.baidu.com.

3. Liang Xi ().

Media Contact[emailprotected]

SOURCE Baidu, Inc.

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Baidu Releases Superconducting Quantum Computer and World's First All-Platform Integration Solution, Making Quantum Computing Within Reach - PR...

Multiverse Computing Releases New Version of Singularity SDK for Portfolio Optimization with Quantum – High-Performance Computing News Analysis -…

SAN SEBASTIN, SPAIN, August 26, 2022 Quantum computing company Multiverse Computing today introduced the newest version of Singularity Portfolio Optimization (v 1.2). This release includes the Multiverse Hybrid Solver, designed to combines the strength of classical and quantum computing and is specifically suited to portfolio optimization problems.

The Multiverse Hybrid Solver can optimize large portfolios of thousands of assets, finding the portfolio with the highest returns for a given risk and producing the same quality of results as industry-standard solvers in a significantly shorter amount of time.

According to John Malcolm, Financial Engineer overseeing Singularity Portfolio Optimization at Multiverse, this new release represents the next step in the ongoing evolution of the Singularity Portfolio Optimization Excel plug-in.

This latest version of Singularity provides a quantum-based solution to a simple case portfolio optimization which is competitive against classical approaches currently used in industry, said Malcolm. Exciting new developments on our roadmap will extend the applicability of this product to cover more exotic cases of portfolio optimization which classical approaches struggle with.

The tool is designed to help portfolio managers find the optimal balance between risk and reward among the range of assets under consideration, while adhering to minimum and maximum allocations per asset according to the investors preferences.

The Singularity Portfolio Optimization Excel plug-in now offers three solvers:

This particular tool from Multiverse Computing is designed for large financial institutions, such as banks, hedge funds, pension funds and insurance companies. The generic optimization library that the Portfolio Optimization app is built on top of has much broader applicability to any sector where optimization is important, such as energy, manufacturing, health and life sciences, aerospace, and more.

The Singularity Portfolio Optimization plug-in can be used to build a portfolio from scratch or to improve an existing one. It is useful for developing medium to long-term strategies or for more frequent performance improvements. The newest interface is more streamlined and allows the user to save optimization settings for convenience.

With this latest release, Singularity users also can:

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Multiverse Computing Releases New Version of Singularity SDK for Portfolio Optimization with Quantum - High-Performance Computing News Analysis -...

Quantum: The Tech Race Europe Can’t Afford to Lose – PR Newswire

PARIS, Aug. 25, 2022 /PRNewswire/ -- Investments in quantum reached all-time record highs in 2021 and are predicted to continue rising significantly, with multiple existing industries set to benefit and new industries likely to be created. Boston Consulting Group (BCG), one of the world's leading management consulting firms, today published new research highlighting the scale and pace of global quantum computing, titled, Can Europe Catch Up With the US (and China) in Quantum Computing?

While the US is a clear frontrunner on quantum computing patents, venture capital, and volume of talent, the BCG report finds that the EU currently leads the way in terms of public investment. However, the EU lacks a coherent plan of action to coordinate individual Member State activities, has an underdeveloped private capital market prepared to invest in late-stage quantum businesses, and is not developing sufficient quantum computing talent to meet anticipated demand. BCG's report highlights that the US currently has between two and three times more quantum talent in the business world than does the EU.

Without urgent action, the report shows, the EU risks repeating mistakes made in the semiconductor industry. Europe, together with the UK and China, is currently well-positioned in a trio of pursuers that are chasing the US (see exhibit). The EU is among leaders in public action in quantum and has put in place plans such as the Quantum Flagship, coordinating research efforts across multiple industries, and running pilot educational projects to give a direction to the developing ecosystem.

So what does the EU need to do to avoid repeating the mistakes it made more than a decade ago in failing to scale a continental semiconductor industry?

"The EU has all the ingredients needed to succeed in the quantum race but needs to rapidly develop and deliver a comprehensive plan to turn potential into action," says Franois Candelon, a managing director and senior partner at BCG, and coauthor of the report. "Europe's history when dealing with tech revolutions has too often been characterized by early promise, failure to scale at critical moments, and then an expensive attempt to catch up. Policymakers need to learn those lessons fast. The good news is that the window is still open to create and execute a European strategy, building public and private capital powerhouses to invest in and scale European universities' ability to train the next generation of quantum experts."

An Action Plan for Europe

BCG's report maps an action plan for Europe to maintain quantum sovereignty:

Quantum Sovereignty

The COVID-19 crisis highlighted Europe's capability to design and manufacture at scale new vaccines that proved essential to controlling the impact of the pandemic on the continent. Conversely, the lack of in-house European manufacturing capabilities for advanced semiconductors showed its dependence on a global supply chain. According to BCG estimates, the chip crisis prevented the production of around 10 million vehicles, which was particularly impactful for Europe, home to major automobile manufacturers.

Quantum will impact multiple industries central to a country's competitiveness and sovereignty such as aerospace, defense, pharma, and chemicals. If Europe wants to maintain its global relevance as well as self-sufficiency in key economic areas, it must ensure access and master quantum capabilities in all stages of the supply chain, from R&D to manufacturing and end applications.

Download the publication here: https://www.bcg.com/publications/2022/can-europe-catch-up-in-quantum-computer-race

For more information, please contact Brian Bannister at +44 7919 393753 or[emailprotected].

About Boston Consulting GroupBoston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholdersempowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact.

Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place.

SOURCE Boston Consulting Group (BCG)

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Quantum: The Tech Race Europe Can't Afford to Lose - PR Newswire

Cyber Week in Review: August 26, 2022 – Council on Foreign Relations

Facebook and Twitter take down pro-Western influence campaign

Facebook, Instagram, WhatsApp, Twitter, and Telegram disrupted a pro-Western influence campaign focused on promoting U.S. interests abroad, according to a report from Graphika and the Stanford Internet Observatory. The accounts used in the influence operation targeted the Middle East and Central Asia, frequently criticized Russia over the war in Ukraine, and often shared content from U.S. government-affiliated news outlets such as Voice of America and Radio Free Europe. Some of the accounts appear to be part of the Trans-Regional Web Initiative, a propaganda operation run by U.S. Special Operations Command active for over a decade. The campaign is the first publicly known, U.S.-run influence operation on social media. The campaign does not appear to have been very effective, as most posts received only a handful of likes or retweets, and only 19 percent of accounts had more than one thousand followers.

Ransomware gang attacks UK water organization

The ransomware gang Cl0p said it had infected a major water treatment company, South Staffordshire Water, in the United Kingdom. Cl0p first infected the systems of South Staffordshire on August 15, although there was some initial confusion as the gang believed it had compromised the systems of a larger utility, Thames Water, which serves most of southeast England. Cl0p did not deploy ransomware on the network, citing ethical concerns, but instead stole data and threatened further consequences unless a ransom is paid. The hackers may have gained access to the industrial control systems of South Staffordshire. Attacks on water systems have become increasingly common in recent years, and in some cases these attacks could have caused active harm to civilians.

Lloyds of London Excludes State-Sponsored Cyberattacks from Insurance

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Lloyds of London, a major insurance market in England, announced that it will not allow insurers to cover catastrophic cyberattacks perpetrated by nation-states as of March 31, 2023. Lloyds currently defines a catastrophic cyberattack as an attack that will significantly impair the ability of a state to function or... that significantly impairs the security capabilities of a state. While some have praised the move to greater clarity on what will not be covered, others have noted that that Lloyds standard of catastrophic is vague and that cyberattacks are often difficult to attribute to a specific nation-state conclusively. In recent years, insurance companies have grappled with how to address major cyberattacks, and, in December 2021, Lloyds announced the exclusion of nation-state-led attacks from policies held in a small subset of countries, China, France, Japan, Russia, the United Kingdom and the United States, although it appears this exclusion has not been tested yet.

Former Twitter head of security turns whistleblower

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Twitters former head of security Pieter Zatko, also known as Mudge, filed a whistleblower complaint against the company earlier this week. Zatko made a series of claims about the state of Twitters security, including that Twitter unknowingly employs agents of foreign nations, deleted data may still be accessible, and that the loss of a few key data centers could permanently take down the entire site. Zatko also alleged that Twitters security practices violated an agreement with the Federal Trade Commission that prohibited Twitter from misleading user about its security or privacy practices. Zatko, who developed L0phtCrack in 1997, a password-recovery tool still in use in an updated form today, is well-respected in the cybersecurity community for his work over the past three decades. Zatkos disclosures will likely affect the court case between Twitter and Elon Musk over whether the tech entrepreneur can back out of his bid to buy the company without significant penalty, although experts are divided as to whether Zatkos disclosures will help or hurt Twitter.

Baidu unveils first quantum computer

Chinese internet company Baidu announced it had built its first quantum computer on Thursday this week. The computer, dubbed Qianshi, has a ten qubit processor, significantly behind Googles Sycamore at fifty four qubits, and Zuchongzi from the University of Science and Technology of China at sixty six qubits. Baidu said that it had also developed a thirty six qubit processor, although it appears that processor has not been used yet. Quantum computing has been a major research focus for China, the United States, and European Union in recent years, as each country has poured billions of dollars into research on quantum computing. The Biden administration recently announced a series of initiatives aimed at growing quantum research in the United States.

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Cyber Week in Review: August 26, 2022 - Council on Foreign Relations