Global quantum computing market to grow to $8.6 Billion in 2027, report says
3 years ago

Global quantum computing market to grow to $8.6 Billion in 2027, report says

The Hindu  

Spending on quantum computing is expected to grow to $8.6 billion in 2027, from $412 million in 2020, growing at an annual growth rate of 50.9% over the period, according to research firm IDC. "For many critical problems, classical computing will run out of steam in the next decade and we will see quantum computing take over as the next generation of performance-intensive computing," said Peter Rutten, global research lead for performance intensive computing at IDC. The research firm stated that major breakthroughs in quantum computing technology, and the growth of performance intensive computing workloads suitable for quantum technology will drive the majority of the growth. IDC also expects investments in the quantum computing market to reach around $16.4 billion by the end of 2027, growing at an annual growth rate of 11.33% This includes investments made by public and privately funded institutions, government spending worldwide, R&D spend from technology and services vendors, and external funding from venture capitalists and private equity firms.

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History of this topic

Mint Primer | Google’s Willow: Quantum computing’s next big leap?
1 week, 4 days ago

Mint Primer | Google’s Willow: Quantum computing’s next big leap?

Live Mint  

Two normal computer bits can exist in four possible states—00, 01, 10, or 11. A quantum computer allows two quantum bits to represent the four states at the same time due to ‘superposition’ and ‘entanglement’ properties, akin to running four computers. A quantum computer’s power grows exponentially with more qubits but it also induces errors, making the system like a …

Google’s quantum boost doesn’t really compute
1 week, 4 days ago

Google’s quantum boost doesn’t really compute

Live Mint  

One of Google’s science projects is paying off in a big way, albeit way early. Alphabet, parent company of the internet search giant, has seen its stock jump nearly 12% this week, since Google announced a new in-house chip called Willow designed to power quantum computing. “The next challenge for the field is to demonstrate a first ‘useful, beyond-classical’ computation …

Google's new quantum chip is mindboggling, dwarves the fastest supercomputers we have today by miles
1 week, 6 days ago

Google's new quantum chip is mindboggling, dwarves the fastest supercomputers we have today by miles

Firstpost  

Google’s Willow quantum processor claims to solve problems in 5 minutes what the world’s fastest super computer will take 10,000,000,000,000,000,000,000,000 years. Image Credit: Google Google has unveiled its groundbreaking quantum chip, Willow, which claims to solve a problem in just five minutes that would take the world’s fastest supercomputers a staggering ten septillion years—that’s 10,000,000,000,000,000,000,000,000 years, if you were wondering …

QNu Labs plans geographical expansion
1 month, 1 week ago

QNu Labs plans geographical expansion

The Hindu  

QNu Labs, a quantum-safe cybersecurity company from India, has announced geographical expansion plans to provide its quantum cryptography solutions in the U.S. and other key markets. “By the end of 2024 financial year, we aim to firmly establish QNu Inc as a leading provider of quantum cryptography solutions in the U.S.,” said Rahil Patel, chief growth officer QNu Labs over …

2025 to be International Year of Quantum Science and Tech, UN says
6 months, 1 week ago

2025 to be International Year of Quantum Science and Tech, UN says

The Hindu  

The United Nations has said 2025 will be designated the ‘International Year of Quantum Science and Technology’. In a statement, the body said the initiative will be “year-long”, “worldwide”, and that it will “be observed through activities at all levels aimed at increasing public awareness of the importance of quantum science and applications.” The proclamation is the result of a …

The Government’s bold $1 billion gamble on quantum computing technology
6 months, 3 weeks ago

The Government’s bold $1 billion gamble on quantum computing technology

ABC  

RHIANA WHITSON, REPORTER: Quantum computing is predicted to revolutionise everything from medicine, energy networks to defence. RHIANA WHITSON: Quantum computing is still an unproven technology so some in the scientific world were surprised when last month the federal and Queensland governments announced a joint almost one-billion-dollar investment in a US based company - PsiQuantum. RHIANA WHITSON: There are also concerns …

How Elon Musk's AI prediction could come true by 2025
8 months ago

How Elon Musk's AI prediction could come true by 2025

Daily Mail  

Elon Musk has claimed 'AI will be smarter than any human by the end of 2025' - and while that is just one year away, an expert said the prediction may still come true. May 2024: 'New generative AI models enable the creation of Agentic AIs, which can autonomously execute sophisticated action plans, akin to Agent Smith in 'The Matrix,' …

How long before quantum computers can benefit society? That’s Google’s USD 5 million question
8 months, 3 weeks ago

How long before quantum computers can benefit society? That’s Google’s USD 5 million question

Deccan Chronicle  

Austin, Mar 27 Google and the XPrize Foundation have launched a competition worth US$5 million to develop real-world applications for quantum computers that benefit society – by speeding up progress on one of the UN Sustainable Development Goals, for example. The principles of quantum physics suggest quantum computers could perform very fast calculations on particular problems, so this competition may …

Quantum Computing Is Finally Here. But What Is It?
1 year ago

Quantum Computing Is Finally Here. But What Is It?

Bloomberg  

Four decades ago, computer engineers were theorizing that the mind-bending mechanics of quantum physics could be harnessed to make a new kind of computer that’s exponentially more powerful than conventional machines. A race is on to develop bigger machines that can accurately model the behavior of complex real-world phenomena and deliver a leap forward in fields as varied as drug …

Hunt to launch ‘moonshot’ quantum supercomputing programme in Autumn Statement
1 year, 1 month ago

Hunt to launch ‘moonshot’ quantum supercomputing programme in Autumn Statement

The Telegraph  

Officials have been discussing allocating funds in the region of £200m to £300m for the plans, drawn from £2.5bn pledged as part of a 10-year UK quantum computing roadmap published earlier this year. The centrepiece is likely to be a programme to build a large-scale, functional quantum computer, run by the National Quantum Computing Centre near Oxford. The Government set …

The Quantum Promise - ABC listen
1 year, 1 month ago

The Quantum Promise - ABC listen

ABC  

Jonathan Webb: Hi, I’m Jonathan Webb – and this is the second Boyer Lecture for 2023. Without going into the details, you should know that the direction of this little bar magnet – or the superposition state of a single quantum bit – can be described mathematically using two classical bits of information, one describing the fraction of the one …

The Atomic Revolution - ABC listen
1 year, 2 months ago

The Atomic Revolution - ABC listen

ABC  

Jonathan Webb: Hello, I'm Jonathan Webb and I'm thrilled to be introducing this year's Boyer Lectures on Gadigal country in Sydney. Fortunately, a new kind of microscope had been invented in the 1980s – the scanning tunnelling microscope – which allowed us for the first time to ‘see’ individual atoms. By developing tools to see, organise, control, and measure information …

Google claims quantum computer breaththrough
1 year, 5 months ago

Google claims quantum computer breaththrough

Daily Mail  

Now a newer device is 'beyond capabilities of existing classical supercomputers' But at the time the huge claim was questioned by quantum rivals including IBM Within the next couple of decades, experts think quantum computers will replace the 'classical' computers at our desks and revolutionise our lives. According to Google, the newest version of its Sycamore quantum processor runs 70 …

Quantum computers to overtake regular computers ‘within two years’ after breakthrough
1 year, 6 months ago

Quantum computers to overtake regular computers ‘within two years’ after breakthrough

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Microsoft has announced plans to build a quantum supercomputer after researchers said the …

Why India’s quantum computer foray matters
1 year, 8 months ago

Why India’s quantum computer foray matters

Live Mint  

On Wednesday, the union cabinet gave its nod to a ₹6,000 crore National Quantum Mission to develop quantum computers and scale up research and development in quantum technologies. In 2020, the union finance minister, Nirmala Sitharaman, said in her budget speech that the government has set aside ₹8,000 crore for a national mission on quantum technologies and applications. The National …

Quantum mission kicks off; ₹6K cr for eight years
1 year, 8 months ago

Quantum mission kicks off; ₹6K cr for eight years

Live Mint  

New Delhi: Cutting-edge quantum computing research that could transform cybersecurity, drug research, space applications and finance got a big boost on Wednesday with the Union cabinet approving a ₹6,003.65 crore National Quantum Mission that will run till FY31. The mission, first conceived two years ago, will attempt to create a domestic ecosystem for quantum computing research and application development, including …

Britain aims to get quantum computing ‘by 2030’ with record investment
1 year, 10 months ago

Britain aims to get quantum computing ‘by 2030’ with record investment

The Telegraph  

A pair of university professors have secured the biggest ever investment for a British quantum computing company amid a global race to master the high-powered devices. London-based Quantum Motion has raised £42m from investors including the taxpayer’s technology investment fund and Porsche SE, the German family-owned multinational behind the Volkswagen Group. Quantum Motion was spun out of University College London …

It’s actually been a great year for big advances in technology
1 year, 11 months ago

It’s actually been a great year for big advances in technology

Live Mint  

All the numbers point to one of the worst years for the tech sector in over a decade. Not only did customers of outfits like brokers FTX and Voyager, and stablecoin TerraUSD/Luna get taken to cleaners, the currency at the bubble’s heart, Bitcoin, lost around two-thirds of its value. In July, the US National Institute of Standards and Technology finally …

Inside India’s quest to ride quantum wave
2 years, 5 months ago

Inside India’s quest to ride quantum wave

Live Mint  

NEW DELHI : If India achieves its target of about 30 million electric vehicles in the next two years, it will also need many more electric charging stations. Quantum computing also rides on ‘quantum entanglement’, a property that Albert Einstein referred to as “spooky action at a distance" since it allows quantum particles to connect regardless of their location in …

Accruing quantum gains: A race against time to build quantum computers | Standpoint
3 years, 1 month ago

Accruing quantum gains: A race against time to build quantum computers | Standpoint

India Today  

Compared to the relatively low attention quantum computing received just over a decade ago, it is astounding to see it dominate global headlines and become a conversation starter that can rival top-dollar news stories. Of course, a quantum computer is not the solution to all ills that ail our world classical computers are much better at tackling some types of …

Google says it will build a commercial quantum computer before 2030
3 years, 7 months ago

Google says it will build a commercial quantum computer before 2030

Live Mint  

Tech giant Google today said it expects to build a commercial quantum computer that can perform large-scale calculations without errors before the end of the decade. The company announced its plans at the Google I/O developer conference today, making it one of the few companies in the world to have put concrete launch dates for their quantum computers. The campus …

Opinion: The unhackable computers that could revolutionize the future
3 years, 11 months ago

Opinion: The unhackable computers that could revolutionize the future

CNN  

Editor’s Note: Don Lincoln is a senior scientist at the Fermi National Accelerator Laboratory. Physicists, engineers and computer scientists are trying to harness the counterintuitive behavior of quantum mechanics to build quantum computers, leading eventually to a quantum internet. What would take trillions of years using ordinary computers would take a few seconds with a quantum computer. Unlike ordinary computers, …

D-Wave commercialises its first 5000+ qubit quantum computer
4 years, 2 months ago

D-Wave commercialises its first 5000+ qubit quantum computer

The Hindu  

A Canadian quantum computing firm D-Wave announced on Tuesday it is commercialising its next-generation system Advantage, built for businesses. “Today’s general availability of Advantage delivers the first quantum system built specifically for business, and marks the expansion into production scale commercial applications and new problem types with our hybrid solver services,” D-Wave’s CEO Alan Baratz said in a statement. D-Wave’s …

Billion-dollar quantum computing and AI fund announced by US
4 years, 3 months ago

Billion-dollar quantum computing and AI fund announced by US

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Last year, Google claimed to have achieved what is known as "quantum supremacy", whereby a quantum computer …

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