Its release will be in mid-2020.

The race to build the best and the fastest quantum computer continues, but now it's not just Google AI and IBM who are running Honeywell has joined in too.

Entering in style, Honeywell made the bold statement that "By the middle of 2020, we're releasing the most powerful quantum computer yet."

SEE ALSO: IBM'S 53 QUBIT QUANTUM COMPUTER WILL BE AVAILABLE BY OCTOBER

Google AI and IBM have been in the race for a while now. Just last October Google claimed to have made it to "quantum supremacy" by creating a quantum computer that could solve a problem that would have taken the world's most powerful supercomputer 10,000 years to figure out.

Immediately after, IBM refuted Google's statement.

Perhaps it's now time for both Google and IBM to move aside and let a third contender join in on the fun. North Carolina-based multinational conglomerate, Honeywell, has claimed that their quantum computer has twice the power as the best quantum computer that currently exists.

It's an interesting statement to make given there isn't yet a universally accepted standard for the power of a quantum computer.

Honeywell's quantum computer is supposedly extremely stable, and instead of depending on faster superconducting chips like Google AI and IBM use, Honeywell's computer uses ion traps instead. This technology enables individual ions to be held in place using electromagnetic fields and moves around thanks to laser pulses.

It's these ion traps that Honeywell claims will make its quantum computer far more scaleable.

We're yet to see a commercially available quantum computer, however, these technologies hold the real potential to revolutionize computing by being able to solve unbelievably long and complicated numerical problems simultaneously by using qubits instead of bits.

After Honeywell's rather large claim, the company has yet to reveal the computer but as they stated, we'll just have to wait until the middle of 2020.

Link:

Honeywell Claims to Have Built the "Most Powerful" Quantum Computer - Interesting Engineering

Auto Network, localisation, pricing keep Maruti unchallenged. Amid slowdown, rivals sit on the fence.

Competitors are monitoring the Toyota-Suzuki integration and are hoping for a slowdown in decision making. But a sluggish Indian market isnt attractive enough for them to put in money and effort to snatch Marutis market share. Indias largest carmaker, however, faces profitability hurdles, among other challenges. Last of a two-part series.

Startups such as WorkIndia, Betterplace, Awign, and Utter have ushered in the digital age for blue-collar job search. Today, millions of such workers are using the apps of these companies to find jobs, pick up skills, and run gigs. However, the segment largely remains a niche for impact investors, with mainstream VCs still watching from the sidelines.

RBIs proposed write-down of Yes Banks perpetual bonds has grave implications for Indias ailing financial system. The country cant be seen as indifferent to creditor obligations. It couldnt have come at a worse time just when India is making efforts to quickly expand its small bond market and tap international debt markets through a larger presence in global bond indices.

The deadly coronavirus has taken a toll on the global economy, with the Indian stock market also becoming a casualty. While the NSEs benchmark index, Nifty, is down by 7% over the last one month, the Quality Index has largely held steady. And investors, who paid high valuations for these stocks, are relatively unhurt.

Though zero-alcohol beer has grown immensely popular in the country within a short span, cola giants dismiss the segment as too tiny to worry about. But attractive pricing and rapidly shifting consumer preferences give the beer zero category a clear edge. Hence, industry participants believe it can create a dent in the market share of cola giants.

Visit link:

Inside the race to build the best quantum computer on Earth - Economic Times

FRAMINGHAM, Mass., March 11, 2019 A recent International Data Corporation (IDC) survey of IT and business personnel responsible for quantum computing adoption found that improved AI capabilities, accelerated business intelligence, and increased productivity and efficiency were the top expectations of organizations currently investing in cloud-based quantum computing technologies.

Initial survey findings indicate that while cloud-based quantum computing is a young market, and allocated funds for quantum computing initiatives are limited (0-2% of IT budgets), end-users are optimistic that early investment will result in a competitive advantage. The manufacturing, financial services, and security industries are currently leading the way by experimenting with more potential use cases, developing advanced prototypes, and being further along in their implementation status.

Complex technology, skillset limitations, lack of available resources, and cost deter some organizations from investing in quantum computing technology. These factors, combined with a large interdisciplinary interest, has forced quantum computing vendors to develop quantum computing technology that addresses multiple end-user needs and skill levels. The result has led to increased availability of cloud-based quantum computing technology that is more easily accessible and user friendly for new end users. Currently, the preferred types of quantum computing technologies employed across industries include quantum algorithms, cloud-based quantum computing, quantum networks, and hybrid quantum computing.

Quantum computing is the future industry and infrastructure disruptor for organizations looking to use large amounts of data, artificial intelligence, and machine learning to accelerate real-time business intelligence and innovate product development. Many organizations from many industries are already experimenting with its potential, saidHeather West, senior research analyst, Infrastructure Systems, Platforms, and Technology at IDC. IDCs quantum computing survey provides insight into the demand-side of cloud-based quantum computing, including preferred technologies and end-user investment and implementation strategies. These insights should guide the product and service offerings being developed by quantum computing vendors, independent software vendors, and industry partners.

The IDC Special Study,Quantum Computing Adoption Trends: 2020 Survey Findings(IDC #US46049620), provides insights into near-term cloud-based quantum computing investment sentiments as well as end user cloud-based quantum computing adoption trends that will shape the future of the quantum computing industry. The study reports on findings from IDCs 2020 Quantum Computing End-User Perception and Adoption Trends Survey, which gathered insights from a multitude of sources, including surveys of 520 IT and business users worldwide and in-depth interviews with current quantum computing end-users.

The special study is part of IDCs Quantum Computing Special Report series, which also includes end-user insights from study of 2,700 European organizations, and secondary research focusing on quantum computing use cases. Additional findings can be found in the following IDC reports:The Rise of Quantum Computing: A Qualitative Perspective(IDC #US45652919),European Quantum Computing End-User Sentiment: In Search of Business Impact(IDC #EUR146014220) andEuropean Quantum Computing Use Cases Handbook, 2020(IDC #EUR146014420).

About IDC

International Data Corporation (IDC) is a provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDCs analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly-owned subsidiary of International Data Group (IDG), the worlds leading tech media, data and marketing services company. To learn more about IDC, please visitwww.idc.com. Follow IDC on Twitter at@IDCandLinkedIn. Subscribe to the IDC Blog for industry news and insights:http://bit.ly/IDCBlog_Subscribe.

Source: International Data Corporation

Read more:

IDC Survey Finds Optimism That Quantum Computing Will Result in Competitive Advantage - HPCwire

RESEARCH TRIANGLE PARK, N.C., March 12, 2020 An Army project devised a novel approach for quantum error correction that could provide a key step toward practical quantum computers, sensors and distributed quantum information that would enable the military to potentially solve previously intractable problems or deploy sensors with higher magnetic and electric field sensitivities.

The approach, developed by researchers at Massachusetts Institute of Technology with Army funding, could mitigate certain types of the random fluctuations, or noise, that are a longstanding barrier to quantum computing. These random fluctuations can eradicate the data stored in such devices.

The Army-funded research, published in Physical Review Letters, involves identifying the kinds of noise that are the most likely, rather than casting a broad net to try to catch all possible sources of disturbance.

The team learned that we can reduce the overhead for certain types of error correction on small scale quantum systems, said Dr. Sara Gamble, program manager for the Army Research Office, an element of U.S. Army Combat Capabilities Development Commands Army Research Laboratory. This has the potential to enable increased capabilities in targeted quantum information science applications for the DOD.

The specific quantum system the research team is working with consists of carbon nuclei near a particular kind of defect in a diamond crystal called a nitrogen vacancy center. These defects behave like single, isolated electrons, and their presence enables the control of the nearby carbon nuclei.

But the team found that the overwhelming majority of the noise affecting these nuclei came from one single source: random fluctuations in the nearby defects themselves. This noise source can be accurately modeled, and suppressing its effects could have a major impact, as other sources of noise are relatively insignificant.

The team determined that the noise comes from one central defect, or one central electron that has a tendency to hop around at random. It jitters. That jitter, in turn, is felt by all those nearby nuclei, in a predictable way that can be corrected. The ability to apply this targeted correction in a successful way is the central breakthrough of this research.

The work so far is theoretical, but the team is actively working on a lab demonstration of this principle in action.

If the demonstration works as expected, this research could make up an important component of near and far term future quantum-based technologies of various kinds, including quantum computers and sensors.

ARL is pursuing research in silicon vacancy quantum systems which share similarities with the nitrogen vacancy center quantum systems considered by the MIT team. While silicon vacancy and nitrogen vacancy centers have different optical properties and many basic research questions are open regarding which type(s) of application each may be ultimately best suited for, the error correction approach developed here has potential to impact both types of systems and as a result accelerate progress at the lab.

About U.S. Army CCDC Army Research Laboratory

CCDC Army Research Laboratory is an element of the U.S. Army Combat Capabilities Development Command. As the Armys corporate research laboratory, ARL discovers, innovates and transitions science and technology to ensure dominant strategic land power. Through collaboration across the commands core technical competencies, CCDC leads in the discovery, development and delivery of the technology-based capabilities required to make Soldiers more lethal to win the nations wars and come home safely. CCDC is a major subordinate command of the U.S. Army Futures Command.

Source: U.S. Army CCDC Army Research Laboratory Public Affairs

Read the original:

Army Project Touts New Error Correction Method That May be Key Step Toward Quantum Computing - HPCwire

AI is one of the most happening domains in the world right now. It would take a lifetime to skim through all the machine learning research papers released till date. As the AI keeps itself in the news through new releases of frameworks, regulations and breakthroughs, we can only hope to get the best of the lot.

So, here we have a compiled a list of top exciting AI announcements released over the past one week:

Late last year, Google locked horns with IBM in their race for quantum supremacy. Though the news has been around how good their quantum computers are, not much has been said about the implementation. Today, Google brings two of their most powerful frameworks Tensorflow and CIRQ together and releases TensorFlow Quantum, an open-source library for the rapid prototyping of quantum ML models.

Google AI team has joined hands with the University of Waterloo, X, and Volkswagen, announced the release of TensorFlow Quantum (TFQ).

TFQ is designed to provide the developers with the tools necessary for assisting the quantum computing and machine learning research communities to control and model quantum systems.

The team at Google have also released a TFQ white paper with a review of quantum applications. And, each example can be run in-browser via Colab from this research repository.

A key feature of TensorFlow Quantum is the ability to simultaneously train and execute many quantum circuits. This is achieved by TensorFlows ability to parallelise computation across a cluster of computers, and the ability to simulate relatively large quantum circuits on multi-core computers.

Also Read Making A Case For Machine Learning Compilers With MLIR

As the devastating news of COVID-19 keeps rising at an alarming rate, the AI researchers have given something to smile about. DeepMind, one of the premier AI research labs in the world, announced last week, that they are releasing structure predictions of several proteins that can promote research into the ongoing research around COVID-19. They have used the latest version of AlphaFold system to find these structures. AlphaFold is one of the biggest innovations to have come from the labs of DeepMind, and after a couple of years, it is exhilarating to see its application in something very critical.

As the pursuit to achieve human-level intelligence in machines fortifies, language modeling will keep on surfacing till the very end. One, human language is innately sophisticated, and two, training language models from scratch is exhaustive.

The last couple of years has witnessed a flurry of mega releases from the likes of NVIDIA, Microsoft and especially Google. As BERT topped the charts through many of its variants, Google now announces ELECTRA.

ELECTRA has the benefits of BERT but more efficient learning. They also claim that this novel pre-training method outperforms existing techniques given the same compute budget.

The gains are particularly strong for small models; for example, a model trained on one GPU for four days outperformed GPT (trained using 30x more compute) on the GLUE natural language understanding benchmark.

China has been the worst-hit nation of all the COVID-19 victims. However, two of the biggest AI breakthroughs have come from the Chinese soil. Last month, Baidu announced how its toolkit brings down the prediction time. Last week, another Chinese giant, Alibaba announced that its new AI system has an accuracy of 96% in detecting the coronavirus from the CT scan of the patients. Alibabas founder Jack Ma has fueled the vaccine development efforts of his team with a $2.15 M donation.

Also Read Adobe Applies Real-Time Layered Approach To Customer Journey Analytics

Facebook AI has released its in-house feature of converting a two-dimensional photo into a video byte that gives the feel of having a more realistic view of the object in the picture. This system infers the 3D structure of any image, whether it is a new shot just taken on an Android or iOS device with a standard single camera, or a decades-old image recently uploaded to a phone or laptop.

The feature has been only available on high-end phones through the dual-lens portrait mode. But, now it will be available on every mobile device even with a single, rear-facing camera. To bring this new visual format to more people, the researchers at Facebook used state-of-the-art ML techniques to produce 3D photos from virtually any standard 2D picture.

One significant implication of this feature can be an improved understanding of 3D scenes that can help robots navigate and interact with the physical world.

As the whole world focused on the race to quantum supremacy between Google and IBM, Honeywell silently has been building, as it claims, the most powerful quantum computer yet. And, it plans to release this by the middle of 2020.

Thanks to a breakthrough in technology, were on track to release a quantum computer with a quantum volume of at least 64, twice that of the next alternative in the industry. There are a number of industries that will be profoundly impacted by the advancement and ultimate application of at-scale quantum computing, said Tony Uttley, President of Honeywell Quantum Solutions in the official press release.

Also Read Artificial Intelligence Is Writing The Next Game Of Thrones Book, And It May Just Have Proved Some Long-Held Fan Theories

The outbreak of COVID-19 has created a panic globally and rightfully so. Many flagship conferences have been either cancelled or have been moved to a virtual environment.

Nvidias flagship GPU Technology Conference (GTC), which was supposed to take place in San Francisco in the last week of March was cancelled due to fears of the COVID-19 coronavirus.

Whereas, Google Cloud also has cancelled its upcoming event, Google Cloud Next 20, which was slated to take place on April 6-8 at the Moscone Center in San Francisco. Due to the growing concern around the coronavirus (COVID-19), and in alignment with the best practices laid out by the CDC, WHO and other relevant entities, Google Cloud has decided to reimagine Google Cloud Next 20, the company stated on its website.

One of the popular conferences for ML researchers, ICLR2020 too, has announced that they are cancelling its physical conference this year due to growing concerns about COVID-19. They are shifting this event to a fully virtual conference.

ICLR authorities also issued a statement saying that all accepted papers at the virtual conference will be presented using a pre-recorded video.

comments

Read the original:

Top AI Announcements Of The Week: TensorFlow Quantum And More - Analytics India Magazine

The presidents budget request for fiscal 2021 proposed $738 million to fund the National Institutes of Science and Technology, a dramatic reduction from the more than $1 billion in enacted funds allocated for the agency this fiscal year.

The House Science, Space and Technology Committees Research and Technology Subcommittee on Wednesday held a hearing to hone in on NISTs reauthorizationbut instead of focusing on relevant budget considerations, lawmakers had other plans.

We're disappointed by the president's destructive budget request, which proposes over a 30% cut to NIST programs, Subcommittee Chairwoman Rep. Haley Stevens, D-Mich., said at the top of the hearing. But today, I don't want to dwell on a proposal that we know Congress is going to reject ... today I would like this committee to focus on improving NIST and getting the agency the tools it needs to do better, to do its job.

Per Stevens suggestion, Under Secretary of Commerce for Standards and Technology and NIST Director Walter Copan reflected on some of the agencys dire needs and offered updates and his view on a range of its ongoing programs and efforts.

NISTs Facilities Are in Bad Shape

President Trumps budget proposal for fiscal 2021 requests only $60 million in funds for facility construction, which is down from the $118 million enacted for fiscal 2020 and comes at a time when the agencys workspaces need upgrades.

Indeed the condition of NIST facilities are challenging, Copan explained. Over 55% of NIST's facilities are considered in poor to critical condition per [Commerce Department] standards, and so it does provide some significant challenges for us.

Some of the agencys decades-old facilities and infrastructures are deteriorating and Copan added that hed recently heard NISTs deferred maintenance backlog has hit more than $775 million. If the lawmakers or public venture out to visit some of the agencys facilities, you'll see the good, the bad, and the embarrassingly bad, he said. Those conditions are a testament to the resilience and the commitment of NISTs people, that they can work in sometimes challenging, outdated environments, Copan said.

The director noted that there have already been some creative solutions proposed to address the issue, including the development of a federal capital revolving fund. The agency is also looking creatively at the combination of maintenance with lease options for some of its facilities, in hopes that it can then move more rapidly by having its officials cycle out of laboratories to launch rebuilding and renovation processes.

It's one of my top priorities as the NIST director to have our NIST people work in 21st-century facilities that we can be proud of and that enable the important work of NIST for the nation, Copan said.

Advancing Efforts in Artificial Intelligence and Quantum Computing

The presidents budget request placed a sharp focus on industries of the future, which will be powered by many emerging technologies, and particularly quantum computing and AI.

During the hearing and in his written testimony, Copan highlighted some of NISTs work in both areas. The agency has helped shape an entire generation of quantum science, over the last century, and a significant portion of quantum scientists from around the globe have trained at the agencys facilities. Some of NISTs more recent quantum achievements include supporting the development of a quantum logic clock and helping steer advancements in quantum simulation. Following a recent mandate from the Trump administration, the agency is also in the midst of instituting the Quantum Economic Development Consortium, or QEDC, which aims to advance industry collaboration to expand the nations leadership in quantum research and development.

Looking forward, over the coming years NIST will focus a portion of its quantum research portfolio on the grand challenge of quantum networking, Copans written testimony said. Serving as the basis for secure and highly efficient quantum information transmission that links together multiple quantum devices and sensors, quantum networks will be a key element in the long-term evolution of quantum technologies.

Though there were cuts across many areas, the presidents budget request also proposed a doubling of NISTs funding in artificial intelligence and Copan said the technology is already broadly applied across all of the agencys laboratories to help improve productivity.

Going forward and with increased funding, he laid out some of the agencys top priorities, noting that there's much work to be done in developing tools to provide insights into artificial intelligence programs, and there is also important work to be done in standardization, so that the United States can lead the world in the application of [AI] in a trustworthy and ethical manner.

Standardization to Help the U.S. Lead in 5G

Rep. Frank Lucas, R-Okla., asked Copan to weigh in on the moves China is making across the fifth-generation wireless technology landscape, and the moves the U.S. needs to make to leadnot just competein that specific area.

We have entered in the United States, as we know, a hyper-competitive environment with China as a lead in activities related to standardization, Copan responded.

The director said that officials see, in some ways, that the standardization process has been weaponized, where the free market economy that is represented by the United States, now needs to lead in more effective coordination internally and incentivize industry to participate in the standards process. Though U.S. officials have already seen those rules of fair play bent or indeed broken by other players, NIST and others need to help improve information sharing across American standards-focused stakeholders, which could, in turn, accelerate adoption around the emerging technology.

We want the best technologies in the world to win and we want the United States to continue to be the leader in not only delivering those technologies, but securing the intellectual properties behind them and translating those into market value, he said.

More here:

NIST Works on the Industries of the Future in Buildings from the Past - Nextgov

Quantum computing is expected to be the new technology, fully integrated with the financial sector within five to ten years. This form of computer, also known as supercomputers, are capable of highly advanced processing power that takes in massive amounts of data to solve a problem in a fraction of the time it would for the best traditional computer on the market to resolve.

Traditional Computer vs. Quantum Computing

A typical computer today stores information in the form of bits. These are represented in the binary language (0s and 1s). In quantum computing, the bits are known as Qubits and will take on the processing of similar input but rather than break it down to 0s and 1s will break the data down significantly greater where the possibilities of computational speed can be almost immeasurable.

Quantum Computing in Banking

Lets examine personal encryption in banking for example. Using a security format called RSA-2048, traditional computers would be able to decrypt the security algorithm in about 1,034 steps. With our best computers on the market, even with a processor capable of performing a trillion calculations per second, these steps translate to 317 billion years to break the secure code. While it is possible, it is not practical for a cyber-criminal to make it worthwhile.

A quantum computer, on the other hand, would be able to resolve this problem in about 107 steps. With a basic quantum computer running at one million calculations per second, this translates to ten seconds to resolve the problem.

While this example centered on breaking complex security, many other use cases can emerge from the use of quantum computing.

Trade Transaction Settlements

Barclays bank researchers have been working on a proof of concept regarding the transaction settlement process. As settlements can only be worked on a transaction-by-transaction basis, they can easily queue up only to be released in batches. When a processing window opens, as many trades as possible are settled.

Complex by their very nature, Traders can end up tapping into funds prior to the transaction being cleared. They will only be settled if the funds are available or if a collateral credit facility was arranged.

As you could probably handle a small number of trades in your head, you would need to rely on a computer after about 10-20 transactions. The same can be described for our current computational power in that it is now nearing the point where it will need more and more time to resolve hundreds of trades at a time.

With quantum computing using a seven-qubit system, it would be able to run a greater amount of complex trades in the same time it would for a traditional system to complete the trades. It would take the equivalent of about two hundred traditional computers to match the speed.

Simulating a Future Product Valuation

Researchers at JP Morgan were working on a concept that simulates the future value of a financial product. The team is testing quantum computers to perform complex intensive pricing calculations that normally take traditional computer hours to complete. This is a problem as each year greater complexity is added via newer algorithms, getting to the point where it is nearing an impossibility to calculate in a practical sense.

The research team has discovered that using quantum computing resulted in finding a resolution to the problem in mere seconds.

Final Thoughts

Banks are working on successful tests today with quantum computing to resolve extreme resource-intensive calculations for financial problem scenarios. Everything from trading, fraud, AML, etc. this is a technology not to be overlooked.

According toDeltec Bank, Bahamas - Quantum Computing will have positive impacts on portfolio optimization, risk analysis, asset pricing, and trading strategies is just the tip of the iceberg of what this technology could provide.

Disclaimer: The author of this text, Robin Trehan, has an Undergraduate degree in economics, Masters in international business and finance and MBA in electronic business. Trehan is Senior VP at Deltec International http://www.deltecbank.com. The views, thoughts, and opinions expressed in this text are solely the views of the author, and not necessarily reflecting the views of Deltec International Group, its subsidiaries and/or employees.

About Deltec Bank

Headquartered in The Bahamas, Deltec is an independent financial services group that delivers bespoke solutions to meet clients unique needs. The Deltec group of companies includes Deltec Bank & Trust Limited, Deltec Fund Services Limited, and Deltec Investment Advisers Limited, Deltec Securities Ltd. and Long Cay Captive Management.

Media Contact Company Name: Deltec International Group Contact Person: Media Manager Email: Send Email Phone: 242 302 4100 Country: Bahamas Website: https://www.deltecbank.com/

Read the rest here:

Deltec Bank, Bahamas Quantum Computing Will have Positive Impacts on Portfolio Optimization, Risk Analysis, Asset Pricing, and Trading Strategies -...

Insight must precede application. ~ Max Planck, Father of Quantum Physics

Quantum computing is no ordinary technology. It has attracted huge interest at the national level with funding from governments. Today, some of the biggest technology giants are working on the technology, investing substantial sums into research and development and collaborating with state agencies and corporates for various projects across industries.

Heres an overview of quantum computing as well as the players exploring this revolutionary technology, and ways to invest in it.

Understanding Quantum Computing

Lets begin with understanding quantum computing. While standard computers are built on classical bits, every quantum computer has a qubit or quantum bit as its building block. Thus, unlike a classical computer where information is stored as binary 0 or 1 using bits, a quantum computer harnesses the unique ability of subatomic participles in the form of a qubit which can exist in superposition of 0 and 1 at the same time.As a result, quantum computers can achieve higher information density and handle very complex operations at speeds exponentially higher than conventional computers while consuming much lessenergy.

It is believed that quantum computing will have a huge impact on areas such as logistics, military affairs, pharmaceuticals (drug design and discovery), aerospace (designing), utilities (nuclear fusion), financial modeling, chemicals (polymer design), Artificial Intelligence (AI), cybersecurity, fault detection, Big Data, and capital goods, especially digital manufacturing. The productivity gains by end users of quantum computing, in the form of both cost savings and revenue opportunities, are expected to surpass $450 billion annually.

It will be a slow build for the next few years: we anticipate value for end users in these sectors to reach a relatively modest $2 billion to $5 billion by 2024. But value will then increase rapidly as the technology and its commercial viability mature,reportsBCG.

The market for quantum computing isprojectedto reach $64.98 billion by 2030 from just $507.1 million in 2019, growing at aCAGR of 56.0%during the forecast period (20202030).According to aCIRestimate, revenue from quantum computing is pegged at $8 billion by 2027.

Which Nations Are Investing In Quantum Computing?

To gain the quantum advantage, China has been at the forefront of the technology. The first quantum satellite was launched by China in 2016. Apaperby The Center for a New American Security (CNAS) highlights how, China is positioning itself as a powerhouse in quantum science.

Understanding the strategic potential that quantum science holds, U.S., Germany, Russia, India and European Union have intensified efforts towards quantum computing. In the U.S., President Trumpestablishedthe National Quantum Initiative Advisory Committee in 2019 in accordance with the National Quantum Initiative Act, signed into law in late 2018, which authorizes $1.2 billion to be spent on the quantum science over the next five years.

The Indian government in its 2020 budget has announced a National Mission on Quantum Technologies & Applications with a total budgetoutlayof INR 8000 crore ($1.12 billion) for a period of five years while Europe has a 1 billioninitiativeproviding funding for the entire quantum value chain over the next ten years. In October 2019, the first prototype of a quantum computer waslaunchedin Russia while in Germany, the Fraunhofer-Gesellschaft, Europes leading organization for applied research,partneredwith IBM for advance research in the field of quantum computing.

The Companies Leading the Way

IBM has been one of the pioneers in the field of quantum computing. In January 2019, IBM (IBM)unveiledthe IBM Q System One, the world's first integrated universal approximatequantum computing system designed for scientific and commercial use. In September itopenedthe IBM quantum computation center in New York to expand its quantum computing systems for commercial and research activity. It has also recentlyinvestedin Cambridge Quantum Computing, which was one of the first startups to become a part of IBMs Q Network in 2018.

In October 2019, Google (GOOG,GOOGL) made anannouncementclaiming the achievement of "quantum supremacy."It published the results of this quantum supremacy experiment in theNaturearticle, Quantum Supremacy Using a Programmable Superconducting Processor.The term "quantum supremacy" wascoinedin 2012 by John Preskill. He wrote, one way to achieve quantum supremacy would be to run an algorithm on a quantum computer which solves a problem with a super-polynomial speedup relative to classical computers. The claim wascounteredby IBM.

Vancouver, Canada headquartered D-Wave is the worlds first commercial supplier of quantum computers and its systems are being used by organizations such as NEC, Volkswagen, DENSO, Lockheed Martin, USRA, USC, Los Alamos National Laboratory and Oak Ridge National Laboratory.In February 2019, D-Waveannounceda preview of its next-generation quantum computing platform incorporating hardware, software and tools to accelerate and ease the delivery of quantum computing applications. In September 2019, itnamedits next-generation quantum system as Advantage, which will be available in the Leap quantum cloud service in mid-2020.In December 2019, the companysignedan agreement with NEC to accelerate commercial quantum computing.

Amazon (AMZN)introducedits service Amazon basket in late 2019, which is designed to let its users get some hands-on experience with qubits and quantum circuits. It allows to build and test circuits in a simulated environment and then run them on an actual quantum computer.

Around the same time, Intel (INTC)unveileda first-of-its-kind cryogenic control chip code-named Horse Ridgethat will speed up development of full-stack quantum computing systems.

In addition, companies such as Microsoft (MSFT), Alibaba (BABA), Tencent (TCEHY), Nokia (NOK), Airbus, HP (HPQ), AT&T (T) Toshiba, Mitsubishi, SK Telecom, Raytheon, Lockheed Martin, Righetti, Biogen, Volkswagen and Amgen are researching and working on applications of quantum computing.

Final Word

Investors looking to invest in the technology can either look at individual stocks or consider Defiance Quantum ETF (QTUM) to take exposure to companies developing and applying quantum computing and other advanced technologies. Launched in April 2018, QTUM is a liquid, low-cost and efficient way to invest in the technology. The ETF tracks the BlueStar Quantum and Machine Learning Index, which tracks approximately 60 globally listed stocks across all market capitalizations.

While quantum computing is not mainstream yet, the quest to harness its potential is on, and the constant progress made is shrinking the gap between research labs and real-world applications.

Disclaimer: The author has no position in any stocks mentioned. Investors shouldconsider the above information not as a de facto recommendation, but as an idea for further consideration. The report has been carefully prepared, and any exclusions or errors in reporting are unintentional.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

See original here:

Quantum Computing: How To Invest In It, And Which Companies Are Leading the Way? - Nasdaq

Feb. 12, 2020 The U.S. Department of Energys Office of Science, under the leadership of Under Secretary of Energy Paul Dabbar, sponsored around 70 representatives from multiple government agencies and universities at the firstQuantum Internet Blueprint Workshop, held in New York City Feb. 5-6. The primary goal of the workshop was to begin laying the groundwork for a nationwide entangled quantum Internet.

Building on the efforts of theChicago Quantum Exchangeat the University of Chicago, Argonne and Fermi National Laboratories, andLiQuIDNet(Long Island Quantum Distribution Network) at Brookhaven National Laboratory and Stony Brook University, the event was organized by Brookhaven. The technical program committee was co-chaired by Kerstin Kleese Van Dam, director of the Computational Science Initiative at Brookhaven, and Inder Monga, director of ESnet at Lawrence Berkeley National Lab.

The dollars we have put into quantum information science have increased by about fivefold over the last three years, Dabbartold the New York Timeson February 10 after the Trump Administration announced a new budget proposal that includes significant funding for quantum information science, including the quantum Internet.

In parallel with the growing interest and investment in creating viable quantum computing technologies, researchers believe that a quantum Internet could have a profound impact on a number of application areas critical to science, national security, and industry. Application areas include upscaling of quantum computing by helping connect distributed quantum computers, quantum sensing through a network of quantum telescopes, quantum metrology, and secure communications.

Toward this end, the workshop explored the specific research and engineering advances needed to build a quantum Internet in the near term, along with what is needed to move from todays limited local network experiments to a viable, secure quantum Internet.

This meeting was a great first step in identifying what will be needed to create a quantum Internet, said Monga, noting that ESnet engineers have been helping Brookhaven and Stony Brook researchers build the fiber infrastructure to test some of the initial devices and techniques that are expected to play a key role in enabling long-distance quantum communications. The group was very engaged and is looking to define a blueprint. They identified a clear research roadmap with many grand challenges and are cautiously optimistic on the timeframe to accomplish that vision.

Berkeley Labs Thomas Schenkel was the Labs point of contact for the workshop, a co-organizer, and co-chair of the quantum networking control hardware breakout session. ESnets Michael Blodgett also attended the workshop.

About ESnet

The Energy Sciences Network (ESnet) is a high-performance, unclassified network built to support scientific research. Funded by the U.S. Department of Energys Office of Science (SC) and managed by Lawrence Berkeley National Laboratory, ESnet provides services to more than 50 DOE research sites, including the entire National Laboratory system, its supercomputing facilities, and its major scientific instruments. ESnet also connects to 140 research and commercial networks, permitting DOE-funded scientists to productively collaborate with partners around the world.

Source: ESnet

Excerpt from:

Quantum Internet Workshop Begins Mapping the Future of Quantum Communications - HPCwire

With help from John Hendel, Cristiano Lima, Leah Nylen and Katy Murphy

Editors Note: This edition of Morning Tech is published weekdays at 10 a.m. POLITICO Pro Technology subscribers hold exclusive early access to the newsletter each morning at 6 a.m. Learn more about POLITICO Pros comprehensive policy intelligence coverage, policy tools and services, at politicopro.com.

Advertisement

If Sanders wins in New Hampshire: If the polls hold true, the tech world may see a ton more heat from the Vermont senator, who has long been critical of tech giants market power and labor practices.

Trumps 2021 funding requests: President Donald Trumps 2021 budget proposal would give big funding boosts to artificial intelligence and quantum computing, as well as the Commerce Departments NTIA and the Justice Departments antitrust division, but not to the FTC or FCC.

Bipartisanship at risk?: House Judiciarys Republican leaders say recent comments from the Democratic chairman about Silicon Valley giants threatens the panels tech antitrust probe, a rare point of bipartisanship in a hotly divided Congress.

ITS TUESDAY, AND ALL EYES ARE ON THE FIRST PRESIDENTIAL PRIMARY OF 2020: NEW HAMPSHIRE. WELCOME TO MORNING TECH! Im your host, Alexandra Levine.

Got a news tip? Write Alex at alevine@politico.com or @Ali_Lev. An event for our calendar? Send details to techcalendar@politicopro.com. Anything else? Full team info below. And dont forget: add @MorningTech and @PoliticoPro on Twitter.

WHAT NEW HAMPSHIRE MEANS FOR TECH A week after winning the most votes in Iowa, Sen. Bernie Sanders (I-Vt.) is polling first in New Hampshire, with Pete Buttigieg a close-second. (Further behind, and mostly neck-and-neck, are Elizabeth Warren, Joe Biden and Amy Klobuchar.) What could this mean for the tech world? Just about anything.

But if the Vermont senator prevails in tonights Democratic presidential primary, we can expect to hear more of his usual anti-Amazon commentary (Sanders has repeatedly criticized Amazons labor practices and complained that the online giant pays zero in taxes); more break up big tech talk (Sanders has said he would absolutely look to break up tech companies like Amazon, Google and Facebook); and more attacks on corporate power and influence (he has proposed taxing tech giants based on how big a gap exists between the salaries of their CEOs and their mid-level employees).

Several prime tech policy issues are also fair game: Sanders criminal justice reform plan includes a ban on law enforcements use of facial recognition technology, and he has spoken out about tech's legal liability shield, Section 230 debates that are playing out (often, with fireworks) at the federal level. (Further reading in POLITICO Magazine: Is it Bernies Party Now?)

Plus: Could New Hampshire be the next Iowa? State and local election officials running this primary without apps (voters will cast their ballots on paper, which in some cases will be counted by hand) say no. POLITICOs Eric Geller provides the birds-eye view.

Heres everything you need to know about the 2020 race in New Hampshire.

BUDGET DISPATCH: HUGE JUMP FOR DOJ ANTITRUST, NO BIG CHANGES FOR FCC AND FTC The White House on Monday rolled out its fiscal year 2021 funding requests, including a proposed 71 percent bump in congressional spending on the Justice Departments antitrust division an increase that, as Leah reports, is another indicator that the agency is serious about its pending investigations into tech giants like Google and Facebook. (It would also allow the agency to hire 87 additional staffers.)

In contrast, the FCC and FTC arent requesting any big changes in their funding or staffing. The FCC is seeking $343 million, up 1.2 percent from its 2020 funding level, while the FTC is asking for a little over $330 million, which is about $800,000 less than its current funding. The FCC noted its on track to move to its new Washington headquarters in June, while FTC Commissioner Rebecca Slaughter, a Democrat, objected to the request for her agency, saying in a statement that it does not accurately reflect the funding the FTC needs to protect consumers and promote competition.

Artificial intelligence and quantum computing would also receive big funding boosts under the budget proposal, Nancy reports. So would the Commerce Departments NTIA, to help prepare the agency for 5G and other technological changes, as John reported for Pros.

IS THE BIPARTISAN TECH ANTITRUST PROBE IN JEOPARDY? The House Judiciary Committees investigation into competition in the tech sector which garnered rare bipartisan momentum in a hotly divided Congress could now be in trouble. On Monday night, the committees Republican leaders criticized Democratic Chairman Jerry Nadlers recent remarks railing against the power of Silicon Valley giants, writing in a letter that Nadlers comments "have jeopardized" the panel's "ability to perform bipartisan work." Spokespeople for Nadler did not offer comment. A Cicilline spokesperson declined comment.

The dust-up marks the first major sign of fracturing between House Judiciary Republicans and Democrats over their bipartisan investigation into possible anti-competitive conduct in the tech industry a probe widely seen as one of Silicon Valleys biggest threats on Capitol Hill, Cristiano reports in a new dispatch. The dispute could threaten the push to advance bipartisan antitrust legislation in the House, something House Judiciary antitrust Chairman David Cicilline (D-R.I.) has said the committee plans to do early this year.

T-MOBILE-SPRINT WIN T-Mobile and Sprint can merge, a federal judge is expected to rule today, rejecting a challenge by California, New York and other state attorneys general, Leah reports. U.S. District Judge Victor Marrero is expected to release his hotly anticipated decision on the $26.2 billion telecom megadeal later this morning.

FCCS FUTURE-OF-WORK FOCUS Amazon, AT&T, Walmart, LinkedIn and Postmates are among the tech companies expected at a future-of-work event today that Democratic FCC Commissioner Geoffrey Starks is hosting at the agencys headquarters.

The public roundtable will address the same kinds of issues that several Democratic presidential candidates have raised, such as concerns about AIs effect on labor economies. Issues of #5G, #InternetInequality, automation & education are colliding in ways that will impact all Americans, Starks wrote on Twitter. Eager to host this important policy discussion!

CCPA UPDATE: GET ME REWRITE! California Attorney General Xavier Becerra on Monday published a business-friendly tweak to his proposed Privacy Act regulations, a change that his office said had been inadvertently omitted from a revised draft unveiled on Friday.

Only businesses that collect, sell or share the information of at least 10 million Californians per year thats about 1 in 4 residents would have to report annual statistics about CCPA requests and how quickly they responded to privacy-minded consumers, under the change. That threshold was originally 4 million.

The update will come as a relief to companies that no longer need to pull back the curtain on their Privacy Act responsiveness. Its also good news for procrastinators, as the new deadline for submitting comments on the AGs rules was pushed back a day to Feb. 25.

TECH QUOTE DU JOUR Senate Judiciary antitrust Chairman Mike Lee (R-Utah) offered colorful praise on Monday for Sen. Josh Hawleys (R-Mo.) proposal to have the Justice Department absorb the FTC, a plan aimed in part at addressing concerns over the FTCs enforcement of antitrust standards in the technology sector.

Having two federal agencies in charge of enforcing antitrust law makes as much sense as having two popes, Lee told MT in an emailed statement. This is an issue weve had hearings on in the Judiciary Committee and I think Sen. Hawley has identified a productive and constitutionally sound way forward. (Hawleys proposal swiftly drew pushback from one industry group, NetChoice, which said it would make political abuse more likely.")

The state of play: Some Republicans in the GOP-led Senate now want to reduce the number of regulators overseeing competition in the digital marketplace. A small contingent of House Democrats wants to create a new federal enforcer to police online privacy. But a vast majority of the discussions happening on Capitol Hill around those issues have so far focused on ways to empower the FTC, not downgrade it.

Mike Hopkins, chairman of Sony Pictures Television, is joining Amazon as a senior vice president overseeing Amazons Prime video platform and movie and television studios.

AB 5 blow: Uber and Postmates on Monday lost the first round in their challenge to Californias new worker classification law, POLITICO reports.

Uber IPO fallout: As tax season begins, some of Uber's earliest employees are realizing they had little idea how their stock grants worked and are now grappling with the fallout on their tax bills after last May's disappointing IPO, Protocol reports.

JEDI latest: Amazon wants Trump and Defense Secretary Mark Esper to testify in its lawsuit against the Pentagon over the award of the multibillion-dollar JEDI cloud computing contract to Microsoft, POLITICO reports.

ICYMI: Federal prosecutors announced charges Monday against four Chinese intelligence officers for hacking the credit-reporting giant Equifax in one of the largest data breaches in history, POLITICO reports.

Facebook ad tracker: New Hampshire saw more than $1 million in Facebook spending in the month leading up to todays presidential primary, Zach Montellaro reports for Pros.

Can privacy be a piece of cake?: A privacy app called Jumbo presents a startling contrast to the maze of privacy controls presented by companies like Facebook, Twitter and Google, Protocol reports heres how it works, and how it plans turn a buck.

Virus watch: Following Amazons lead, Sony and NTT are pulling out of this months Mobile World Congress in Barcelona as a precaution during the coronavirus outbreak, Reuters reports.

In profile: Zapata Computing, a startup that creates software for quantum computers by avoiding as much as possible actually using a quantum machine, Protocol reports.

Out today: Alexis Wichowski, New York Citys deputy chief technology director and a professor at Columbias School of International and Public Affairs, is out today with The Information Trade: How Big Tech Conquers Countries, Challenges Our Rights, and Transforms Our World, a book published by HarperCollins.

Tips, comments, suggestions? Send them along via email to our team: Bob King (bking@politico.com, @bkingdc), Mike Farrell (mfarrell@politico.com, @mikebfarrell), Nancy Scola (nscola@politico.com, @nancyscola), Steven Overly (soverly@politico.com, @stevenoverly), John Hendel (jhendel@politico.com, @JohnHendel), Cristiano Lima (clima@politico.com, @viaCristiano), Alexandra S. Levine (alevine@politico.com, @Ali_Lev), and Leah Nylen (lnylen@politico.com, @leah_nylen).

TTYL.

Read more here:

For the tech world, New Hampshire is anyone's race - Politico