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By Alex Mitchell

April 12, 2023 | 6:35pm

Creeped out by ChatGPT? Frightened of a future where artificial intelligence replaces the real thing? Brace yourself, because here comes quantum computing.

The developing technology which relies on subatomic, quantum mechanics could accelerate the advancement of AI to lightning speed, experts say.

Such a powerful upgrade could lead to amazing things or terrible ones.

We could cure cancer with quantum computing combined with AI, Lisa Palmer, chief AI strategist for the consulting firm AI Leaders told The Post. There is a huge upside here like upgrading from a bicycle to a high speed sports car.

In the wrong hands, however, that kind of power could be devastating to society especially when it comes to hacking.

One of the worst cases is that it can be detrimental to financial systems in the hands of bad actors, Palmer said. A data breach could happen for every bank account in their entire system.

The revolutionary technology uses subatomic quantum bits, aka qubits, for data processing. It replaces the conventional approach of using binary bits like zeros and ones for data. The approach is significantly faster and more efficient to a point where the possibilities are infinite.

Using quantum computing, we can simulate the physical world in a way that is much, much faster, Pengcheng Shi, associate dean in the department of computing and information sciences at Rochester Institute of Technology, told The Post.

The turbocharged tech has seen major investments from companies like IBM, who have put $20 billion behind the rapidly evolving machinery. Google is an investor as well.

And while quantum computing is still in its infancy, it wont be for long.

Palmer speculates that it could see practical use in three to five years. IBM is already on pace for a substantial breakthrough by 2026 as well, Forbes reported.

Once mature, the technology will likely yield outstanding breakthroughs in the field of medicine particularly in accelerating pharmacology and the development of medications, according to Shi.

The professor also predicts that quantum computing will likely play a major role in space exploration, particularly in the use of mapping for optics such as the Webb telescope.

Beyond breakneck speed, quantum can also substantially increase quality in AI and make it more creative, according to AI expert and CUNY Queens College professor Jamie Cohen.

Currently, AI such as ChatGPT, or generative image AI programs like Midjourney is limited by its machine output processing and, like people, becomes fatigued to a point where it impacts performance.

The reason why Bing limited its AI, Sydney, to five prompts is because its answers are more degenerative each time that could all change with quantum computing, Cohen told The Post, adding that one day it might be able to train itself.

No matter what happens, theres a silver lining, experts say: Computer users everywhere can look forward to the end of pesky, time-consuming two-factor authentication, which in the face of the power and speed of quantum will be about as effective as taping a door shut to keep it locked.

Standard encryption today is going to be crushed by the quantum computers forget about two-factor authentication, Shi said, noting that the super rapid processors will render the tool obsolete, while offering greater protection through deeper, more efficient encryption.

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Think AI is scary now? Wait till it gets boosted by quantum computing - New York Post

Quantum computers could potentially revolutionize multiple industries with their unparalleled efficiency and scalability compared to transistor-based CPUs. Analysts point to an estimated $125 billion market up for grabs by the conclusion of the current decade. Therefore, quantum computing stocks to buy offer tremendous upside ahead, with a sector poised for a staggering 37% annualized growth rate through 2030.

Quantum computers can effectively tackle complex and large-scale problems across various sectors, including transportation, chemicals, banking, and others, attracting substantial investment. Moreover, Wall Streets spotlight turned to this burgeoning sector in 2021. Furthermore, according to McKinseys research, quantum technology companies secured a whopping $1.4 billion in funding in 2022, more than doubling the previous years figure.

Despite its promising future, the sector is still in its nascency, with investments primarily focused on research and development. With that in mind, lets consider the three most promising quantum computing stocks to buy this month.

Source: JHVEPhoto / Shutterstock.com

IBM(NYSE:IBM) is one of the top quantum computing plays, which boasts an incredible line-up of products in the sector. It boasts over 20 of the most powerful quantum computing systems, with itsmost recent 433 qubits release.

In 2016, it released its first publicly available codable quantum computer, following up the IBM Falcon in 2019. The Falcon is the first commercially available quantum computer, which has become the most popular system to date. Moreover, IBM plans to release its much-talked-aboutCondor computer, which can effectively handle 1,121 qubits. Over the next couple of years, the company plans to have a processor with a whopping 4,158 qubits.

Though quantum computing represents just a small part of IBMs business, IBM stock could move independently in line with the expansion in the quantum computing space.

Source: Amin Van / Shutterstock.com

IonQ(NYSE:IONQ) is arguably the best pure-play in the quantum computing space. The firm is developing trapped-ion quantum computers that can be used effectively for general use and haspartnershipshaving a profound impact on its financials. Many of these partners have massive cash war chests, including Microsoft(NASDAQ:MSFT) and Dell(NYSE:DELL).

Revenues for the firm have been rising tremendously each quarter, with sales rising 130.9% from the fourth quarter of last year to the fourth quarter of 2022. Moreover, its gross margins stand at a remarkable 76.3%, with the firm recently announcing the completion of its 32-qubit quantum computer.

Furthermore, it has a robust balance sheet with$355 million in cashand short-term investments. With this stockpile, the company can effectively weather the economic volatility for the foreseeable future and continue pushing toward long-term expansion.

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As the quantum computing revolution gains momentum, semiconductor giant Taiwan Semiconductor(NYSE:TSM)has made impressive strides to stay ahead of the curve. Semiconductors are critical components in quantum computing, facilitating the creation of advanced processors. With TSMCs leading position in the chip sphere, it has the potential to become a major player in the quantum computing space.

Furthermore, in its unique collaboration with Taiwans Ministry of Science and Technology, the firm has unveiled a state-of-the-art cloud computing platform that effectively unlocks the potential of quantum algorithms for businesses. This fruitful partnership is expected to span nearly five years, positioning the company as a trailblazer in this evolving space.

Its underlying business remains incredibly robust, with it generating an incredible 16% and 17% growth in sales and EBITDA, respectively, over the past five years. The semiconductor shortage led to a hefty margin bump this year, with the company aiming for 15% to 20% sales growth in U.S. dollar terms. Moreover, it also targets profit margins north of 50%, with an impressive return on equity of over 25%.

On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.

Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelors of science degree in applied accounting from Oxford Brookes University.

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The 3 Most Promising Quantum Computing Stocks to Buy in April - InvestorPlace

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The next generation of quantum devices requires high-coherence qubits that are less error-prone. Responding to this need, researchers at the AQT at Berkeley Lab, a state-of-the-art collaborative research laboratory, developed a blueprint for a novel quantum processor based on "fluxonium" qubits. Fluxonium qubits can outperform the most widely used superconducting qubits, offering a promising path toward fault-tolerant universal quantum computing.

In collaboration with researchers from the University of California, Berkeley, and Yale University, the AQT team pioneered a systematic theoretical study of how to engineer fluxonium qubits for higher performance while offering practical suggestions to adapt and build the cutting-edge hardware that will fully harness the potential of quantum computing. Their results were published in the journal PRX Quantum.

Superconducting quantum processors consist of multiple qubits designed to have different transition frequencies facilitating precise control of individual qubits and their interactions. The transmon qubit, one of the most widely used in the field for superconducting processors, typically has low anharmonicity. Anharmonicity is the difference between relevant transition frequencies in a qubit. Low anharmonicity contributes to spectral crowding (when qubit frequencies are close to resonating with each other), making the processor more difficult to control since qubit frequencies are arranged tightly together.

In contrast, high anharmonicity allows researchers to have better qubit control because there's less overlap between the frequencies that control the qubits and those that drive any given qubit to higher energy levels. The fluxonium qubit has inherent advantages for complex superconducting processors, such as high anharmonicity, long coherence times, and simple control. Project Scientist Long B. Nguyen at Berkeley Lab's Advanced Quantum Testbed. Nguyen is the lead paper author. Credit: Monica Hernandez/Berkeley Lab

Building on AQT's robust research and development history on superconducting circuits, the team leading the fluxonium-based architecture focused on the scalability and adaptability of the processor's main components, with a set of parameters that researchers can tune to increase the runtime and fidelity of quantum circuits. Some of these adaptations allow simpler operation of the system. Researchers proposed, for example, controlling the fluxonium qubits at low frequency (1-GHz) via microwave pulses directly generated by an electrical arbitrary waveform generator. This straightforward approach allows researchers to design processors and set up multiple qubits flexibly.

Long B. Nguyen is a project scientist at AQT and the paper's lead author. Nguyen started researching alternative superconducting qubits as a University of Maryland graduate student working with Professor Vladimir Manucharyan. Manucharyan introduced fluxonium qubits to the field just a decade earlier, and in 2019 Nguyen demonstrated the possible longer coherence times with fluxonium circuits. The fluxonium circuit is composed of three elements: a capacitor, a Josephson Junction, and a superinductor, which helps suppress magnetic flux noisea typical source of unwanted interference that affects superconducting qubits and causes decoherence.

"I always wanted to study new physics, and I focused on fluxonium because it appeared to be a better alternative to the transmon at the time. It has three circuit elements that I could play with to get the type of spectra I wanted. It could be designed to evade decoherence due to material imperfections. I also recently realized that scaling up fluxonium is probably more favorable since the estimated fabrication yield is high, and the interactions between individual qubits can be engineered to have high-fidelity," explained Nguyen.

To estimate and validate the performance of the proposed fluxonium blueprint, the team at AQT, in collaboration with the paper's researchers, simulated two types of programmable quantum logic gatesthe cross-resonance controlled-NOT (CNOT) and the differential ac-Stark controlled-Z (CZ). The high fidelities resulting from the gates' simulation across the range of proposed qubit parameters validated the team's expectations for the suggested blueprint.

"We provided a potential path towards building fluxonium processors with standard, practical procedures to deploy logic gates with varying frequencies. We hope that more R&D on fluxonium and superconducting qubit alternatives will bring about the next generation of devices for quantum information processing," said Nguyen.

More information: Long B. Nguyen et al, Blueprint for a High-Performance Fluxonium Quantum Processor, PRX Quantum (2023). DOI: 10.1103/PRXQuantum.3.037001. link.aps.org/doi/10.1103/PRXQuantum.3.037001

Journal information: PRX Quantum

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Innovating quantum computers with fluxonium processors - Phys.org

BURNABY, British Columbia & PALO ALTO, Calif., April 10, 2023--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services, and the only quantum computing company building commercial annealing quantum computing systems and developing gate-model quantum computing systems, today announced it will release its financial results for the fourth quarter and fiscal year ended December 31, 2022 on Friday, April 14 before market open. The press release will be available on the D-Wave Investor Relations website: https://ir.dwavesys.com/.

In conjunction with this announcement, D-Wave will host a conference call on Friday, April 14, 2023, at 8:00 a.m. (Eastern Time), to discuss the Companys financial results and business outlook. The live dial-in number is 1-877-407-3982 (domestic) or 201-493-6780 (international), conference ID code 13738032. Participating in the call will be Chief Executive Officer Alan Baratz and Chief Financial Officer John Markovich. A live webcast and subsequent replay of the call will also be available on the "Investor Relations" page of D-Waves website at https://ir.dwavesys.com/events-and-presentations/.

About D-Wave Quantum Inc.

D-Wave is a leader in the development and delivery of quantum computing systems, software, and services, and is the worlds first commercial supplier of quantum computersand the only company building both annealing quantum computers and gate-model quantum computers. Our mission is to unlock the power of quantum computing today to benefit business and society. We do this by delivering customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. D-Waves technology is being used by some of the worlds most advanced organizations, including Volkswagen, Mastercard, Deloitte, Davidson Technologies, ArcelorMittal, Siemens Healthineers, Unisys, NEC Corporation, Pattison Food Group Ltd., DENSO, Lockheed Martin, Forschungszentrum Jlich, University of Southern California, and Los Alamos National Laboratory.

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Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which statements are based on beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words: "may," "will," "could," "would," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "project," "potential," "continue," "ongoing," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties, and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements. We caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, which are subject to a number of risks. Forward-looking statements in this press release include, but are not limited to, statements regarding the date of its earnings release and the timing of the filing of its Form 10-K. We cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond managements control, including the completion of the external audit and the uncertainties and factors set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in the Registration Statement, as well as factors associated with companies, such as D-Wave, that are engaged in the business of quantum computing. Furthermore, if the forward-looking statements contained in this press release prove to be inaccurate, the inaccuracy may be material. In addition, you are cautioned that past performance may not be indicative of future results. In light of the significant uncertainties in these forward-looking statements, you should not place undue reliance on these statements in making an investment decision or regard these statements as a representation or warranty by any person we will achieve our objectives and plans in any specified time frame, or at all. The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230410005293/en/

Contacts

Investors: Kevin Huntir@dwavesys.com

Media: Amy McDowellmedia@dwavesys.com

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D-Wave Quantum Inc. Announces Date for Fourth Quarter and Full Year Fiscal 2022 Earnings Call - Yahoo Finance

In the final episode of this series, we hear how radical quantum ideas are reshaping our fundamental understanding of the universe. Nobel Prize winner Anton Zeilinger tells the FTs Madhumita Murgia about the future of teleportation and the quantum internet; quantum computing pioneer David Deutsch makes the case for the theory that we live in a multiverse; and FT innovation editor John Thornhill speaks to physicist Carlo Rovelli about relational quantum mechanics.

Presented by Madhumita Murgia and John Thornhill, produced by Josh Gabert-Doyon and Edwin Lane. Executive producer is Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco. Original music by Metaphor Music. The FTs head of audio is Cheryl Brumley.

We're keen to hear more from our listeners about this show and want to know what you'd like to hear more of, so we're running a survey which you can find at ft.com/techtonicsurvey. It takes about 10 minutes to complete and you will get a chance to win a pair of Bose QuietComfort Earbuds.

Read a transcript of this episode on FT.com

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The quantum revolution: The way the world is - Financial Times