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By Ken Briodagh

Senior Technology Editor

Embedded Computing Design

January 19, 2024

News

Honeywell has joined a $300 millionequity fundraise for Quantinuum, an integrated quantum computing company, at a pre-money valuation of$5 billion. The technology giant was joined by JPMorgan Chase, Mitsui & Co., and Amgen, though Honeywell remains the company's majority shareholder. This investment brings Quantinuum to about $625 million in investments, according to the release.

This was the first funding round for Quantinuum since Cambridge Quantum Computing and Honeywell Quantum Solutions merged inNovember 2021 to form the company. According to the announcement, the money will be used to pursue the companys goal of building the world's first universal fault-tolerant quantum computers.

JPMorgan Chase has been a supporter and advisor since the beginning and reportedly was one of the earliest experimental users of Quantinuum's H-Series quantum processor and one of the most active corporate partners using Quantinuum's SDK, TKET.

Financial services has been identified as one of the first industries that will benefit from quantum technologies, said Lori Beer, Global Chief Information Officer, JPMorgan Chase. We look forward to continuing to work together to positively impact our businesses, customers and the industry at large.

Quantinuum's technologies reportedly are in use at many companies, including Airbus, BMW Group, Honeywell, HSBC, JPMorgan Chase, Mitsui and Thales. These organizations are exploring how to engineer and scale quantum capabilities to help solve some of world's most challenging problems from designing and manufacturing hydrogen cell batteries for transportation, to developing materials to sequester carbon safely from the atmosphere to support the world's energy transition. Quantinuum is also at the forefront of developing Quantum Natural Language Processing, which will help enable the next generation of AI to be scalable and fit for purpose.

The successful completion of this investment round is a testament to Quantinuum's evolution and maturation in the quantum space, said Darius Adamczyk, Executive Chairman of Honeywell and Chairman of the Board of Quantinuum.

J.P. Morgan Securities LLC served as exclusive placement agent to Quantinuum in connection with the financing. Freshfields Bruckhaus Deringer US acted as external legal counsel.

The confidence in our business demonstrated through this investment by our longstanding strategic partners and industry leaders is a clear indication of the value we will continue to create with the world's highest performing quantum computers, groundbreaking middleware to accelerate the developer ecosystem and innovative application software to revolutionize fields like cryptography, computational chemistry, and AI," said Rajeeb Hazra, CEO of Quantinuum.

Ken Briodagh is a writer and editor with two decades of experience under his belt. He is in love with technology and if he had his druthers, he would beta test everything from shoe phones to flying cars. In previous lives, hes been a short order cook, telemarketer, medical supply technician, mover of the bodies at a funeral home, pirate, poet, partial alliterist, parent, partner and pretender to various thrones. Most of his exploits are either exaggerated or blatantly false.

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Honeywell Dives into Quantum Computing with Investment in $5 Billion Company - Embedded Computing Design

NVIDIAs Quantum Leap into the Future

In the fast-paced world of tech, two game-changers, NVIDIA and quantum computing, are teaming up to redefine what computers can do. NVIDIA, known for its powerful graphics processing units (GPUs), has been a trailblazer in visual computing. Quantum computing, a revolutionary approach to processing information, is promising to take computational capabilities to unprecedented heights. This article delves into the exciting collaboration between NVIDIA and quantum computing, shedding light on how this partnership is set to reshape the landscape of computing.

NVIDIAs GPU Marvels:

NVIDIA has a rich history of pushing the boundaries of GPU technology. Originally known for graphics in gaming, their GPUs are now a versatile force in various fields like AI, scientific research, and data analytics. NVIDIAs CUDA platform has become a go-to for developers, giving them a powerful toolkit for GPU programming.

Quantum Computing: A New Way of Computing:

Quantum computing operates on entirely different principles than the computers were used to. Instead of regular bits, which can be 0 or 1, quantum computers use qubits. This unique feature enables quantum computers to tackle complex problems at speeds that classical computers can only dream of. Although quantum computing is still in its early days, its potential applications in cryptography, problem-solving, and simulations are groundbreaking.

Collaboration Unveiled:

Understanding the game-changing potential of quantum computing, NVIDIA is strategically partnering with quantum technology developers. The goal is to create hybrid solutions that blend the strengths of classical and quantum computing. One notable collaboration involves Rigetti Computing, a company focused on quantum hardware and software. By combining Rigettis quantum processors with NVIDIAs GPUs, the partnership aims to provide a flexible platform for quantum experimentation and optimization.

Quantum Machine Learning on the Horizon:

The collaboration between NVIDIA and quantum computing extends into the realm of quantum machine learning (QML). By bringing together NVIDIAs GPUs, already vital in advancing machine learning, and quantum computing tasks, the synergy could speed up the development of quantum machine learning algorithms, ushering in a new era of artificial intelligence.

Challenges and What Lies Ahead:

Despite the promise, challenges remain. Quantum computers are finicky and need extremely low temperatures to operate smoothly. Building error-resistant quantum gates is also proving to be a significant hurdle.

Looking to the future, the NVIDIA and quantum computing collaboration is poised to redefine what computers can achieve. As quantum technologies mature and become more accessible, the fusion of classical and quantum computing is likely to change how we approach complex problem-solving.

Conclusion:

NVIDIAs venture into quantum computing signifies a leap into the future. The partnership between NVIDIA and quantum computing pioneers showcases a commitment to pushing the boundaries of technology. As these two forces join hands, we are on the brink of a computing revolution that promises to reshape industries, solve problems we once thought unsolvable, and drive us into a new era of innovation.

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Navigating the Future: NVIDIA and Quantum Computing Unraveled - Medium

Atlanta, Georgia, Jan. 05, 2024 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM providing AI-powered trust and identity services has published a White Paper discussing the potential vulnerabilities of legacy biometric systems given the development of Quantum Computing systems.

Dr. Niel Kempson, CB, FREng, Trust Stamps Executive Advisor on Technical Capability commented, Methods currently used to protect communications over the Internet will be secure until quantum computers become a practical reality - experts generally estimate that this is a decade away.

But, we should recognise that a harvest-now decrypt later (HNDL) approach could be executed by resource-rich adversaries, capturing data now that can subsequently be decrypted when quantum computers become available. This would make sense for data that would still have significant value a decade or more in the future. While this has traditionally been the preserve of nation-state actors, cyber-criminals - sometimes state-supported - are now powerful adversaries too.

Financial institutions and others with sensitive data really should question whether they could be a potential target and whether their current implementations would be vulnerable to an HNDL attack. This is especially relevant to biometric systems where biometric data needs protecting carefully for a lifetime - unlike a password, a face or fingerprint cannot easily be reset when compromised.

As an indication of the immediacy of the HNDL risk, in May 2022 the US Government issued a mandate to all US Federal Agencies maintaining sensitive data to deploy symmetric encryption systems to protect quantum vulnerable systems by the end of 2023.

Dr. Kempson went on to comment, Trust Stamps IT2 algorithm is quantum-proof by design. If an enterprise or NGO is implementing or reviewing a biometric system today, it should actively look into the HNDL risk. It makes no sense to implement or maintain technology that will probably be unusable within the next decade, implicitly gambling on future solutions with unknown complexity and cost.

In 2016, the US National Institute of Standards and Technology (NIST) initiated a process to solicit, evaluate and standardize new public-key algorithms that will be secure against a quantum computer (also known as post-quantum or quantum-resistant algorithms). After six years, four algorithms were recommended for standardization with a further four candidates proposed for further consideration. Unfortunately one of those candidates was defeated within a few weeks of its release, reinforcing the difficult nature of this process.

Copies of the White Paper can be requested by emailing Andrew Gowasack, President of Trust Stamp at: agowasack@truststamp.net

Enquiries

Trust Stamp Email: Shareholders@truststamp.ai

Andrew Gowasack, President

About Trust Stamp

Trust Stamp the Privacy-First Identity CompanyTM, is a global provider of AI-powered identity services for use in multiple sectors, including banking and finance, regulatory compliance, government, real estate, communications, and humanitarian services. Its technology empowers organizations with advanced biometric identity solutions that reduce fraud, protect personal data privacy, increase operational efficiency, and reach a broader base of users worldwide through its unique data transformation and comparison capabilities.

Located across North America, Europe, Asia, and Africa, Trust Stamp trades on the Nasdaq Capital Market (Nasdaq: IDAI). The company was founded in 2016 by Gareth Genner and Andrew Gowasack.

Safe Harbor Statement: Caution Concerning Forward-Looking Remarks

All statements in this release that are not based on historical fact are forward-looking statements including within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.The information in this announcement may contain forward-looking statements and information related to, among other things, the company, its business plan and strategy, and its industry. These statements reflect managements current views with respect to future events-based information currently available and are subject to risks and uncertainties that could cause the companys actual results to differ materially from those contained in the forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The company does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events.

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Trust Stamp publishes a White Paper on the potential impact of Quantum Computing on legacy biometric systems - GlobeNewswire

China Unveils Origin Wukong, its Most Advanced Quantum Computer

China has boldly stepped into the future of technology with the launch of its third-generation superconducting quantum computer, Origin Wukong. The state-of-the-art machine was set into operation at Origin Quantum Computing Technology in Anhui Province, marking a significant leap forward in Chinas quantum computing prowess.

The Origin Wukong, an independently developed quantum computer, is powered by a 72-qubit indigenous superconducting quantum chip, aptly named Wukong. The Wukong chip is an intricate assemblage of 198 qubits, which includes 72 computational qubits and 126 coupler qubits, designed for enhanced functionality and efficiency. This makes it Chinas most advanced programmable and deliverable superconducting quantum computer currently available.

The integration of the third-generation quantum computing control system with the Wukong chip has resulted in a substantial increase in operational efficiency. This amalgamation is a testament to Chinas technological advancement and its determination to stay at the forefront of global quantum computing technology.

The choice of the name Wukong is not a random selection but a symbolic one. It draws from the legendary Chinese figure Sun Wukong, known for his transformative powers into 72 forms. This is a reflection of the computers potent and versatile capabilities, akin to its namesakes abilities.

With the launch of Origin Wukong, China has demonstrated its commitment to push the boundaries of quantum computing and signaled its ambitions to lead in this burgeoning field. The countrys research team, through the hard work of generation after generation, aims to keep pace with the rapid developments in this sphere.

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China's Quantum Leap: Unveiling the Origin Wukong - BNN Breaking

Two groundbreaking studies have developed a method for controlling quantum entanglement in molecules, specifically calcium fluoride (CaF), using an optical tweezer array to create highly entangled Bell states. This advancement opens new avenues in quantum computing and sensing technologies.

Advancements in quantum entanglement with calcium fluoride molecules pave the way for new developments in quantum computing and sensing, utilizing controlled Bell state creation.

Quantum entanglement with molecules has long been a complex challenge in quantum science. However, recent advancements have emerged from two new studies. These studies showcase a method to tailor the quantum states of individual molecules, achieving quantum entanglement on demand. This development offers a promising platform for advancing quantum technologies, including computation and sensing. Quantum entanglement, a fundamental aspect of quantum mechanics, is vital for various quantum applications.

Ultracold molecules, with their intricate internal structure and long-lived rotational states, are ideal candidates for qubits in quantum computing and quantum simulations. Despite success in creating entanglement in atomic, photonic, and superconducting systems, achieving controlled entanglement between molecules has been a challenge. Now, Yicheng Bao and colleagues, along with Conner Holland and colleagues, have developed a method for the controlled quantum entanglement of calcium fluoride (CaF) molecules.

These studies utilized the long-range dipolar interaction between laser-cooled CaF molecules in a reconfigurable optical tweezer array. They successfully demonstrated the creation of a Bell state, a key class of entangled quantum state characterized by maximum entanglement between two qubits. The Bell state is crucial for many quantum technologies.

Both studies show that two CaF molecules located in neighboring optical tweezers and placed close enough to sense their respective long-range electric dipolar interaction led to an interaction between tweezer pairs, which dynamically created a Bell state out of the two previously uncorrelated molecules.

The demonstrated manipulation and characterization of entanglement of individually tailored molecules by Baoet al.and Hollandet al.paves the way for developing new versatile platforms for quantum technologies, writes Augusto Smerzi in a related Perspective.

References:

Dipolar spin-exchange and entanglement between molecules in an optical tweezer array by Yicheng Bao, Scarlett S. Yu, Loc Anderegg, Eunmi Chae, Wolfgang Ketterle, Kang-Kuen Ni and John M. Doyle, 7 December 2023, Science. DOI: 10.1126/science.adf8999

Entanglement with tweezed molecules by Augusto Smerzi, 7 December 2023, Science. DOI: 10.1126/science.adl4179

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Breaking the Cold Barrier: The Cutting-Edge of Quantum Entanglement - SciTechDaily