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The D-Wave Advantage quantum system.

LOS ANGELES (May 12, 2022) USC and D-Wave Systems Inc. are launching the first 5,000+ qubit D-Wave quantum computing system physically located in the United States, designed for academic researchers, government users, and business clients, the Advantage quantum system. Other systems are located in Germany and Canada.

As part of the USC-Lockheed Martin Quantum Computing Center (QCC) hosted at the USC Viterbi School of Engineerings Information Sciences Institute (ISI), the Advantage system is accessible via the Leap quantum cloud service.

The new system contains the Advantage performance update released in October 2021, featuring the highly connected Pegasus topology and 5,000+ qubits.

The D-Wave Advantage quantum annealer is the largest scale programmable quantum information processor currently available anywhere, said Daniel Lidar, holder of the Viterbi Professorship of Engineering at USC, and the scientific and technical director of QCC.

At ISI we want to be at the forefront of new technologies, and to explore all the possibilities. We are excited to be pioneers in research on quantum computing, and to advance this field so that companies can harness the power of this emerging technology for themselves, said Craig Knoblock, Michael Keston executive director of ISI.

The Advantage system provides a four-fold increase in the number of qubits from our previous system as well as increased coherence and other performance metrics, Lidar said. We have great hopes for the new system as we explore coherent quantum annealing to achieve quantum speedups in quantum simulation, best-in-class optimization and machine learning. Some of our first projects will be to investigate speedup over classical optimization methods for hard optimization problems as well as pursuing additional government-funded research for identification and classification of quantum phase transitions.

Through QCC, USC is currently one of the first universities in the world to host and operate a commercial quantum computing system. The launch of the USC-Lockheed Martin Quantum Computing Center in 2011 was followed by similar investments by Google and NASA the following year.

Quantum Information Science (QIS) is a top priority research area for the nation and has long been a focus of USC Viterbi said Yannis C. Yortsos, dean of the USC Viterbi School of Engineering. In collaboration with Lockheed Martin, we established at ISI in 2011 the first academic home for a quantum computing system, namely D-Wave One.

USC faculty have mentored a new generation of Ph.D. students in QIS, who now have leadership positions in academia and the industry, Yortsos noted. The school has also established a new MS degree in QIS, with current worldwide student demand growing steadily.

For more than a decade, research and education in QIS at USC Viterbi has been thriving and constantly growing, Yortsos said.

The upgrade to Advantage offers multiple benefits for users. It will enable researchers to continue studying how quantum effects may speed up the solution of complex optimization, machine learning and sampling problems, and new breakthrough results in quantum optimization.

Businesses will benefit from the commercial use-cases that can be run on the quantum hybrid solver service. Government agencies and researchers also will have access to one of the most advanced systems in the United States for tackling key public sector initiatives including electrical grid resilience, emergency response and infrastructure optimization projects.

As a part of the D-Wave Leap quantum cloud service, users will immediately be able to access the Advantage quantum computer located at USC in real-time. Leap access gives researchers, government agencies and enterprises access to all of the programming tools and hybrid quantum-classical resources offered through Leap. This system will also be available today for use in Amazon Braket, Amazons quantum computing service.

To date, D-Waves customers have developed hundreds of early quantum applications in an array of fields such as financial modeling, flight planning, quantum chemistry simulation, automotive engineering, health care, logistics and more.

Making quantum computing ubiquitous and available is one of our core areas of focus and is central to the commercialization of quantum computing, said Alan Baratz, CEO of D-Wave. This is an important moment for our U.S.-based customers who want their Leap cloud access to the newest Advantage system and quantum hybrid solver service to be in region.

Eleven years ago, together with Lockheed Martin, we installed our first quantum system at USC, Baratz added. Fast forward to today, delivering one of the most performant commercial quantum computers in the world yet again allows users to harness the power of annealing quantum computing for real-world optimization problems, all accessible real-time through our Leap quantum cloud service and in AWSs Amazon Braket.

Published on May 12th, 2022

Last updated on May 12th, 2022

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USC ISI works with D-Wave to house one of the First US-Based Advantage Quantum Computer - USC Viterbi | School of Engineering - USC Viterbi School of...

New VC Investments at Classiq, Universal Quantum, and Qunasys

Three new venture capital investments have been announced within the past few days. The first is an investment of an additional $3 million in Classiq from strategic investors HSBC, NTT, and Neva SGR. This brings the Series B total to $36 million and total funding the company has received so far to $51 million. Strategic investor funding is important because these organizations can not only provide funds, but they can also become customers of a company. In this case, NTT is already a customers and HSBC and Neva SGRs parent company,the Intesa Sanpaolo Group the leading Italian bank in Europe, could have broad usage of quantum computing technology in the future. Yuval Boger, Chief Marketing Officer at Classiq, states, These additional funds will help us build a large community of quantum experts and quantum explorers that are eager to harness Classiqs unique approach to creating quantum software towards solving real business problems. Classiqs press release announcing this investment can be accessed here.

Quantum Exponential, a publicly held investment organization, has invested 450,000 ($551K USD) through an Advanced Subscription Agreement in Universal Quantum. Universal Quantums is working to develop practical quantum computers using microwave trapped ion technology that uses long-wavelength radiation and locally applied magnetic fields to replace the vast amounts of individually controlled laser beams used in other ion trap implementations. Their goal is to develop to the worlds first million qubit quantum computer. A press release from Quantum Exponential announcing this investment can be found here.

Finally, Mitsubishi Electrics ME Innovation Fund has announced an investment in Tokyo based QunaSys for an undisclosed amount. Qunasys was founded in early 2018 by researchers from the University of Tokyo, Osaka University, and Kyoto University and develops applications using quantum computing with a focus on quantum chemistry, quantum machine learning and optimization. Qunasys also helps to manage the QPARC industry consortium to help partners learn about quantum computers. A new release from Mitsubishi Electric announcing this investment is available here.

May 16, 2022

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New VC Investments at Classiq, Universal Quantum, and Qunasys - Quantum Computing Report

Universal Quantum Computer Market Forecast (2022 2028)

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The key market players for the global Universal Quantum Computer market are:- D-Wave Solutions, IBM, Rigetti Computing, Cambridge Quantum Computing Limited, Zurich Instruments, Origin Quantum, Quantum Computing Inc. (QCI), Xanadu, and Microsoft Azure Quantum

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Universal Quantum Computer Market is Booming Worldwide with Top Key Players:- D-Wave Solutions, IBM, Rigetti Computing - Digital Journal

Published on Wednesday, May 11, 2022

Previous finalists have built exciting technologies across a wide range of industries representative of the core strengths of the University and its partners. (Image: iStock.com/AntonioSolano)

Four teams have been selected as finalists for the George Shultz Innovation Fund spring 2022 investment cycle bringing to the forefront solutions for scaling quantum computers, sustainably cleaning oil spills, detecting cancer with saliva, and improving medical devices.

Managed by the Polsky Center for Entrepreneurship and Innovation, the George Shultz Innovation Fund provides up to $250,000 in co-investment funding for early-stage tech ventures coming out of the University of Chicago,Argonne National Laboratory,Fermilab, andtheMarine Biological Laboratory.

>> Register to attend the virtual Innovation Fund Finals on May 25th.

Through the Innovation Funds programmatic scope, we are able to surround these tech startups with a community of support including distinguished angel and venture capital investors, potential customers, advisors, scientists, entrepreneurs, and industry partners to help move their projects forward, said Ozge Guney Altay, director of Polsky Science Ventures.

The startups we invest in go through a rigorous, venture-capital-style due diligence conducted by a multi-disciplinary team of Innovation Fund Associates, added Altay. Our core mission with the Innovation Fund is to help researchers turn their innovations into ventures that are positioned to succeed in their fund-raising efforts.

The spring 2022 finalists include:

The core mission of the Shultz Innovation Fund is to help researchers turn their innovations into ventures that advance cutting-edge technologies, generate significant financial returns, and create lasting impact for humankind.

The teams receive guidance and dedicated support from the Polsky Center, business experts, an advisory committee, and studentInnovation Fund Associateswho are training in venture capitalism.

Over the last 11 years, the George Shultz Innovation Fund has invested $9.2 million in 90 companies that have gone on to raise $235 million in follow-on funding. Companies launched with the funds support includeExplORer Surgical,Corvidia,ClostraBio, andSuper.Tech.

Discussions with the Innovation Fund leadership and associates helped us clarify our core strategy and business model. We also benefited from the training and support on crafting a pitch deck, which will help us in conversations with future investors as well, said Pranav Gokhale, CEO and cofounder of Super.tech. Building on its success after securing $150,000 from the Innovation Fund in 2020, Super.tech went on to securemillions of dollars in federal research and was recently acquired by the global quantum ecosystem leader,ColdQuanta. Major organizations, including Fortune 500 companies and national research laboratories, today relay on its software as part of their strategic quantum initiatives.

A finalist in the 2021 spring cohort, Esya Labs CEO and Cofounder Dhivya Venkat said: All startups at the University of Chicago should apply to go through the George Shultz Innovation Fund. It was such a beneficial experience. Esya Labs earlier this yearannouncedthat Novartis is among the first companies to use its technology.

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Cancer Detection, Oil Spill Cleanup, Quantum Computing, and a New Medical Device: Meet the Spring 2022 Innovation Fund Finalists - Polsky Center for...

May 17, 2022 Tyndall National Institute and the Irish Centre for High-End Computing (ICHEC) are delighted to announce today the appointment of Dr. Venkatesh Kannan as Academic Associate at Tyndall to foster closer collaboration and drive mutually beneficial opportunities for the two organizations.

Tyndall National Institute, hosted at UCC, is a leading European research center in integrated ICT (Information and Communications Technology) hardware and systems. The Irish Centre for High-End Computing (ICHEC), hosted at NUI Galway, has a mandate from the State to develop and offer computing and data management platforms and services to drive and support research and innovation in academia, enterprise and public sector organizations.

Dr Kannan is Centre Technical Manager at ICHEC, with responsibility for defining and implementing the technological vision, strategy and roadmap of the Centres R&D activities. As an Academic Associate at Tyndall, he will be responsible for pursuing synergies for both organizations through project development, collaborative research and targeting national and European funding opportunities and programs.

Commenting on the appointment and the links between Tyndall and ICHEC, Professor William Scanlon, CEO, Tyndall said, A warm welcome to Dr. Venkatesh Kannan. His appointment builds on a long-standing collaboration between ICHEC and Tyndall in applications of HPC in physical models and materials discovery. We look forward to deepening and broadening our working together. Our growing partnership will unlock opportunities to address a whole new set of grand challenges bridging deep-tech and digital technologies including the Quantum Internet and Artificial Intelligence for better health and environment and for greener energy and resources.

Congratulating Dr Kannan on his appointment, Prof. J-C Desplat, Director, ICHEC said,

We congratulate Dr Kannan whole-heartedly on this well-deserved recognition. We look forward to bridging the deep-tech R&D at Tyndall with the high-performance data and compute R&D at ICHEC to build smart scalable digital technology platforms and solutions targeting key domains, particularly environmental/climate security, renewable energy systems, precision health and emerging next-gen digital technologies for the benefit of all.

A closer partnership between ICHEC and the Tyndall National Institute will drive the following areas through National and EU activities:

Source: Tyndall National Institute

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Tyndall and ICHEC to Foster Further Collaboration Following Appointment of Academic Associate - HPCwire