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Banks are cautiously preparing to implement new encryption algorithms that will protect against hackers using quantum computing to crack their code. But experts warn they potentially need to stump up astronomical sums to raise their cyber defences against the developing threats. If they dont, then current cryptography could be obsolete within five years, according to some estimates.

Andersen Cheng, who worked on JP Morgans response to the millennium bug in 2000, says the bank spent $286

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Banks may spend billions to stop quantum hacking threat - Risk.net

New Jersey, United States This Quantum Computing Market research works as the best evaluation tool to track the progress of the industry and keep an eye on the competitors growth strategies. It further helps to keep you ahead of your business competitors. This report depicts a few potential problems and gives solutions to them by doing comprehensive research on the market scenario. Valuable information is provided here about a particular market segment according to product type, application, region type, and end user. By referring to this comprehensive Quantum Computing market analysis report, it becomes possible for organizations to monitor the efficiency of sales, determine the quality of services offered by competitors, estimate the competition level in the market and understand the communication channels followed by competitors in the market.

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Key Players Mentioned in the Quantum Computing Market Research Report:

Qxbranch QC Ware Corp., International Business Machines Corporation (IBM), D-Wave Systems Inc., 1qb Information Technologies Inc., Cambridge Quantum Computing Ltd, Station Q Microsoft Corporation, River Lane Research, Rigetti Computing, Research at Google Google Inc

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Quantum ComputingMarket Segmentation:

Quantum Computing Market, By Offering

Consulting solutions Systems

Quantum Computing Market, By Application

Optimization Machine Learning Material Simulation

Quantum Computing Market, By End User

Space and Defense Automotive Healthcare Banking and Finance Chemicals Energy & Power

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For Prepare TOC Our Analyst deep Researched the Following Things:

Report Overview:It includes major players of the Quantum Computing market covered in the research study, research scope, market segments by type, market segments by application, years considered for the research study, and objectives of the report.

Global Growth Trends:This section focuses on industry trends where market drivers and top market trends are shed light upon. It also provides growth rates of key producers operating in the Quantum Computing market. Furthermore, it offers production and capacity analysis where marketing pricing trends, capacity, production, and production value of the Quantum Computing market are discussed.

Market Share by Manufacturers:Here, the report provides details about revenue by manufacturers, production and capacity by manufacturers, price by manufacturers, expansion plans, mergers and acquisitions, and products, market entry dates, distribution, and market areas of key manufacturers.

Market Size by Type:This section concentrates on product type segments where production value market share, price, and production market share by product type are discussed.

Market Size by Application:Besides an overview of the Quantum Computing market by application, it gives a study on the consumption in the Quantum Computing market by application.

Production by Region:Here, the production value growth rate, production growth rate, import and export, and key players of each regional market are provided.

Consumption by Region:This section provides information on the consumption in each regional market studied in the report. The consumption is discussed on the basis of country, application, and product type.

Company Profiles:Almost all leading players of the Quantum Computing market are profiled in this section. The analysts have provided information about their recent developments in the Quantum Computing market, products, revenue, production, business, and company.

Market Forecast by Production:The production and production value forecasts included in this section are for the Quantum Computing market as well as for key regional markets.

Market Forecast by Consumption:The consumption and consumption value forecasts included in this section are for the Quantum Computing market as well as for key regional markets.

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Key Findings:This section gives a quick look at the important findings of the research study.

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Excerpt from:
Quantum Computing Market Size, Scope, Growth Opportunities, Trends by Manufacturers And Forecast to 2029 - This Is Ardee

Researchers have made a breakthrough in quantum technology development that has the potential to leave todays supercomputers in the dust, opening the door to advances in fields including medicine, chemistry, cybersecurity and others that have been out of reach.

In a study published in the journal Nature on Wednesday, researchers from Simon Fraser University in British Columbia said they found a way to create quantum computing processors in silicon chips.

Principal investigator Stephanie Simmons said they illuminated tiny imperfections on the silicon chips with intense beams of light. The defects in the silicon chips act as a carrier of information, she said. While the rest of the chip transmits the light, the tiny defect reflects it back and turns into a messenger, she said.

There are many naturally occurring imperfections in silicon. Some of these imperfections can act as quantum bits, or qubits. Scientists call those kinds of imperfections spin qubits. Past research has shown that silicon can produce some of the most stable and long-lived qubits in the industry.

These results unlock immediate opportunities to construct silicon-integrated, telecommunications-band quantum information networks, said the study.

Simmons, who is the universitys Canada Research Chair in silicon quantum technologies, said the main challenge with quantum computing was being able to send information to and from qubits.

People have worked with spin qubits, or defects, in silicon before, Simmons said. And people have worked with photon qubits in silicon before. But nobodys brought them together like this.

Lead author Daniel Higginbottom called the breakthrough immediately promising because researchers achieved what was considered impossible by combining two known but parallel fields.

Silicon defects were extensively studied from the 1970s through the 90s while quantum physics has been researched for decades, said Higginbottom, who is a post-doctoral fellow at the universitys physics department.

For the longest time people didnt see any potential for optical technology in silicon defects. But weve really pioneered revisiting these and have found something with applications in quantum technology thats certainly remarkable.

Although in an embryonic stage, Simmons said quantum computing is the rock n roll future of computers that can solve anything from simple algebra problems to complex pharmaceutical equations or formulas that unlock deep mysteries of space.

Were going to be limited by our imaginations at this stage. Whats really going to take off is really far outside our predictive capabilities as humans.

The advantage of using silicon chips is that they are widely available, understood and have a giant manufacturing base, she said.

We can really get it working and we should be able to move more quickly and hopefully bring that capability mainstream much faster.

Some physicists predict quantum computers will become mainstream in about two decades, although Simmons said she thinks it will be much sooner.

In the 1950s, people thought the technology behind transistors was mainly going to be used for hearing aids, she said. No one then predicted that the physics behind a transistor could be applied to Facebook or Google, she added.

So, well have to see how quantum technology plays out over decades in terms of what applications really do resonate with the public, she said. But there is going to be a lot because people are creative, and these are fundamentally very powerful tools that were unlocking.

Hina Alam, The Canadian Press

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Old computer technology points the way to future of quantum computing - Saanich News

Quantum Source Secures $15 Million in Seed Round Funding to Develop Photonic Quantum Computer Technology that Can Scale to Millions of Qubits

Israel based Quantum Source has received $15 Million in venture funding from Grove Ventures,Pitango First, andEclipse Ventures. They are developing technology for a large quantum computer based upon photonic technology. Photonic technologies have potential advantages over other technologies because they run at room temperatures, can potentially be built with chips manufactured in a standard semiconductor fabrication facility, are easier to network using optical fiber optic cables, can potentially take advantage of photonic components and other infrastructure developed for the telecommunications industry, and are less affected by external environmental factors that can destroy qubit fidelity and coherence. However, one of the biggest challenges is to implement two qubit gates.

Quantum Source has a goal of developing photonic quantum computing technology that can be scaled to millions of qubits. There are other companies that are pursuing a similar strategy with photonic technology, but Quantum Source is using a unique technology that uses something called photon-atom gates that could potentially give them an advantage. A key characteristic of the photon-atom gate is can provide a entangling two-qubit gate which is deterministic. The key concept of the photon-atom gate is it uses a single-photon Rman interaction with a single atom near a nanofibre-couple microresonator. Other photonic approaches can also implement photonic gates, but those may be probabilistic in nature. They can get around a gate which is probabilistic in nature by using a try until you succeed approach, but Quantum Source contends that by using a deterministic gate to begin with they will be able to create systems that are smaller, less complex, and lower in cost by several orders of magnitude. This approach has come out of research developed at the Weizmann Institute of Science in Israel. Additional technical papers describing the technology can be found here, here, and here.

Quantum Source may also benefit by having several members of their senior management team come from deep backgrounds in the semiconductor industry with extensive experience in developing chip level products that are built in semiconductor wafer fabs. CEO Oded Melamed was the former CEO of Altair Semiconductor which was acquired by Sony Corporation in 2016 for $212 million, VP of R&D Gil Semo was the Director of VLSI for Anobit which was acquired by Apple in 2012, and Chairman Dan Charash was the CEO of Provigent, which was acquired by Broadcom in 2011 for $300 million. Filling out that management team is Professor Barak Dayan of the Weizmann Institute who helped to originally develop some of the key technical concepts.

You can access the press release from Quantum Source announcing the new funding here.

July 12, 2022

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Quantum Source Secures $15 Million in Seed Round Funding to Develop Photonic Quantum Computer Technology that Can Scale to Millions of Qubits -...

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Infineon and Oxford Ionics have announced a collaboration to develop a fully integrated quantum processing unit (QPU). The quantum computer is based on trapped-ion technology. The companies aim to offer hundreds of qubits within the next few years, in order to to transition the technology from research to industrial applications.

Building industrial applications requires qubits with low error levels that can be built at massive scale. To address these requirements, the companies tout that with the partnership they will be able to combine Oxford Ionics unique electronic qubit control (EQC) with Infineons expertise in engineering, manufacturing and quantum technology. The companies claim that the EQC technology offers a path to integrate trapped ion qubits into Infineons semiconductor processes.

Since trapped ions are the leading technology, as measured by low quantum error levels, and semiconductor processes solve the scaling problem, this could offer the best of both worlds, explained Chris Ballance, cofounder of Oxford Ionics.

The great challenge in quantum computing is scaling whilst improving performance. There are technologies that can be fabricated at scale but dont perform, and there are technologies that perform but dont scale. Our electronic control is uniquely placed to do both. Working with Infineon and its mature and flexible semiconductor process allows us to speed up the accessibility of a commercial QPU. Due to our market-leading low error rates, these processors need dramatically fewer qubits to solve useful problems than other technologies.

The first Oxford Ionics devices will be available in the cloud by the end of 2022. A fully integrated system with hundreds of qubits is planned within two years. Within five years, the companies aim to create a fully integrated QPU that can then be networked together into a quantum supercomputer using Oxford Ionicss quantum networking technology.

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Infineon and Trapped Ionics enter the quantum computing race - VentureBeat