Theoretical computer science

Quantum Computing Market Revenue Worth $1,866.8 Million by 2030, says P&S Intelligence

Retrieved on: 
Monday, May 31, 2021

NEW YORK, May 31, 2021 /PRNewswire/ -- According to the market research report published by P&S Intelligence, global market for quantum computing to cross $1,866.8 million revenue by 2030, growing at a CAGR of 33.1% during 2020 and 2030.

Key Points: 
  • NEW YORK, May 31, 2021 /PRNewswire/ -- According to the market research report published by P&S Intelligence, global market for quantum computing to cross $1,866.8 million revenue by 2030, growing at a CAGR of 33.1% during 2020 and 2030.
  • Hence, quantum computers are exceedingly difficult to engineer, build, and program, owing to high-physical restraints whilst development of technology.
  • Besides, access to the quantum processor via cloud opens the market for new participants, encouraging the development of the quantum computing ecosystem.
  • P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world.

Artificial Intelligence Workout Device Goes Global

Retrieved on: 
Thursday, May 27, 2021

The product is a hand-held device that leverages pose recognition and other advanced technologies to create an optimal and customized workout based on an individual's goals and movement.

Key Points: 
  • The product is a hand-held device that leverages pose recognition and other advanced technologies to create an optimal and customized workout based on an individual's goals and movement.
  • Its portability and well-informed training software make it the perfect workout companion - one that takes an interesting shift from less portable and AI-lacking options in the space.
  • Years of research later, we're finally ready to go to market with a device that could change the way humans train forever," said Chuck Katis, Bodbox Inc.'s founder, president and American record-holding swimmer.
  • Expect to see calorie counts, reps, and other usual suspects after your workout, too, not to mention the daily workout optimization algorithm.

Cambridge Quantum Develops Algorithm to Accelerate Monte Carlo Integration on Quantum Computers

Retrieved on: 
Thursday, May 27, 2021

CAMBRIDGE, United Kingdom, May 27, 2021 /PRNewswire/ --Cambridge Quantum Computing ( CQC ) today announced the discovery of a new algorithm that accelerates quantum Monte Carlo integration - shortening the time to quantum advantage and confirming the critical importance of quantum computing to the finance industry in particular.

Key Points: 
  • CAMBRIDGE, United Kingdom, May 27, 2021 /PRNewswire/ --Cambridge Quantum Computing ( CQC ) today announced the discovery of a new algorithm that accelerates quantum Monte Carlo integration - shortening the time to quantum advantage and confirming the critical importance of quantum computing to the finance industry in particular.
  • It is a critical aspect of the computational machinery underpinning the modern world.
  • CQC have solved the problem with an algorithm detailed in a released pre-print of a paper by Senior Research Scientist, Steven Herbert, showing how historic challenges are eliminated, and the full quadratic quantum advantage is obtained.
  • Founded in 2014 and backed by some of the world's leading quantum computing companies, CQC is a global leader in quantum software and quantum algorithms, enabling clients to achieve the most out of rapidly evolving quantum computing hardware.

Cambridge Quantum Develops Algorithm to Accelerate Monte Carlo Integration on Quantum Computers

Retrieved on: 
Thursday, May 27, 2021

CAMBRIDGE, United Kingdom, May 27, 2021 /PRNewswire/ --Cambridge Quantum Computing ( CQC ) today announced the discovery of a new algorithm that accelerates quantum Monte Carlo integration - shortening the time to quantum advantage and confirming the critical importance of quantum computing to the finance industry in particular.

Key Points: 
  • CAMBRIDGE, United Kingdom, May 27, 2021 /PRNewswire/ --Cambridge Quantum Computing ( CQC ) today announced the discovery of a new algorithm that accelerates quantum Monte Carlo integration - shortening the time to quantum advantage and confirming the critical importance of quantum computing to the finance industry in particular.
  • It is a critical aspect of the computational machinery underpinning the modern world.
  • CQC have solved the problem with an algorithm detailed in a released pre-print of a paper by Senior Research Scientist, Steven Herbert, showing how historic challenges are eliminated, and the full quadratic quantum advantage is obtained.
  • Founded in 2014 and backed by some of the world's leading quantum computing companies, CQC is a global leader in quantum software and quantum algorithms, enabling clients to achieve the most out of rapidly evolving quantum computing hardware.

Keysight Technologies Acquires Quantum Benchmark

Retrieved on: 
Tuesday, May 25, 2021

Quantum Benchmark provides software solutions for improving and validating quantum computing hardware capabilities by identifying and overcoming the unique error challenges required for high-impact quantum computing.

Key Points: 
  • Quantum Benchmark provides software solutions for improving and validating quantum computing hardware capabilities by identifying and overcoming the unique error challenges required for high-impact quantum computing.
  • Quantum Benchmark represents Keysight's third acquisition in the quantum space after Signadyne in 2016 and Labber Quantum in 2019.
  • Quantum Benchmark is a leading software solution provider that enables error characterization, error suppression, error correction, and performance validation for quantum computing hardware.
  • Quantum Benchmark is led by a team of the world's top research scientists and engineers in quantum computing with the mission of enabling quantum computers to solve real-world problems.

Princeton University Professor Steve Lyon Joins EeroQ Quantum Hardware as CTO

Retrieved on: 
Tuesday, May 25, 2021

EeroQ, the leader in quantum computing using electrons on helium, announces the appointment of Princeton University Professor Steve Lyon as Chief Technology Officer.

Key Points: 
  • EeroQ, the leader in quantum computing using electrons on helium, announces the appointment of Princeton University Professor Steve Lyon as Chief Technology Officer.
  • Professor Lyon will retain his duties at Princeton University.
  • With the appointment of Professor Lyon as CTO, EeroQ continues building the world-class team needed to bring its novel chip design to the forefront of the quantum computing field.
  • About EeroQ: EeroQ was founded in 2016 with the mission of building a commercial quantum computer using electrons trapped on the surface of superfluid helium (eHe).

Xanadu closes $100M USD Series B to build a fault-tolerant photonic quantum computer

Retrieved on: 
Tuesday, May 25, 2021

TORONTO, May 25, 2021 /PRNewswire/ - Xanadu ( https://xanadu.ai ),the world leader in photonic quantum computing, has announced it has raised $100M USD in Series B financing.

Key Points: 
  • TORONTO, May 25, 2021 /PRNewswire/ - Xanadu ( https://xanadu.ai ),the world leader in photonic quantum computing, has announced it has raised $100M USD in Series B financing.
  • Xanadu was founded in 2016 to use particles of light for quantum computing to perform extremely fast and previously impossible computations at room temperature.
  • Over the last few years, Xanadu has consistently doubled its qubit count and made their quantum computers available over the Xanadu Cloud, which is the world's first photonic quantum cloud platform.
  • anadu is a Canadian quantum technology company with the mission to build quantum computers that are useful and available to people everywhere.

Quantum Computing Grows Its Following with Investments and Experiments on the Rise, According to IDC

Retrieved on: 
Wednesday, May 19, 2021

b'Investments in quantum computing are expected to increase in the next 24 months, according to new survey results from International Data Corporation ( IDC ).

Key Points: 
  • b'Investments in quantum computing are expected to increase in the next 24 months, according to new survey results from International Data Corporation ( IDC ).
  • To ease these concerns, quantum computing vendors, select cloud-service providers, and independent software vendors are offering quantum cloud-based solutions that allow organizations to experiment with this technology.
  • Combined, quantum computing infrastructure as a service (QCIaaS), platform as a service (QCPaaS), and software as a service (QCSaaS) offerings provide organizations access to the quantum computing technology, applications, technical support, and other resources needed to begin the quantum journey.
  • IDC\'s quantum computing research provides insight into the demand-side of cloud-based quantum computing, including preferred technologies and end-user investment, implementation, and adoption strategies, vendor insights, and quantum computing use cases.

IQT Research Projects Revenues from Quantum Cloud Services to Reach Almost $850 Million by 2026

Retrieved on: 
Monday, May 17, 2021

b'NEW YORK, May 17, 2021 (GLOBE NEWSWIRE) -- According to a new report from IQT Research, the worldwide market for Quantum Cloud Services will near $850 million in 2026.

Key Points: 
  • b'NEW YORK, May 17, 2021 (GLOBE NEWSWIRE) -- According to a new report from IQT Research, the worldwide market for Quantum Cloud Services will near $850 million in 2026.
  • Quantum Clouds are versions of standard cloud offerings versioned for the emerging quantum computing environment.
  • The report includes detailed forecasts of cloud access revenues with breakouts by end user and type of cloud provider.
  • In addition to publishing reports on critical business opportunities in quantum computing, quantum cryptography and quantum sensing, Inside Quantum Technology runs a popular daily newsfeed (Quantum Technology News) on business-related happenings in quantum technology.\n'

IonQ Launches Research Credits Program to Support Pioneering Quantum Research

Retrieved on: 
Monday, May 17, 2021

b'COLLEGE PARK, Md., May 17, 2021 /PRNewswire/ -- IonQ, Inc. ("IonQ"), the leader in quantum computing, today announced the IonQ Research Credits Program to provide teams and individuals from qualified institutions with free credits for quantum compute time on IonQ\'s cutting-edge hardware.

Key Points: 
  • b'COLLEGE PARK, Md., May 17, 2021 /PRNewswire/ -- IonQ, Inc. ("IonQ"), the leader in quantum computing, today announced the IonQ Research Credits Program to provide teams and individuals from qualified institutions with free credits for quantum compute time on IonQ\'s cutting-edge hardware.
  • As part of its deep commitment to expanding access to quantum computing, and in response to overwhelming demand for access to quantum hardware from the research community, the IonQ Research Credits Program lays critical groundwork for the next generation of quantum experts and further democratizes access to this next-generation technology.\nResearchers and teachers across the globe are already hard at work advancing the state-of-the-art in quantum information science.
  • "IonQ grew out of leading academic labs, and our growth is a testament to what well-supported research can lead to.
  • We have received hundreds of requests for support of academic and research projects, and with the Research Credits Program we\'re thrilled to be able to give back to the community.