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LIGENTEC and X-FAB collaboration creates Europe’s largest capacity foundry service for integrated photonic circuits
LIGENTEC, pioneer in high-performance, low-loss, silicon nitride photonic solutions, and specialty semiconductor producer X-FAB Silicon Foundries have announced a strategic partnership resulting in the large-scale supply of integrated photonic devices. Photonic integrated circuits (PICs) are set to repeat the success story of electronic integrated circuits (ICs). Working with light instead of electrons, PICs will play […]
Google wants to build a useful quantum computer by 2029
Google’s new Quantum AI campus. Image: Google Google is aiming to build a “useful, error-corrected quantum computer” by the end of the decade, the company explained in a blog post. The search giant hopes the technology will help solve a range of big problems like feeding the world and climate change to developing better medicines. To develop […]
US$100-million funding opportunity for Xanadu Quantum Technologies
U.S. venture capital giant Bessemer Venture Partners has signed on to lead a US$100-million funding of Toronto startup Xanadu Quantum Technologies Inc., as competition intensifies in a global race to bring quantum computers to market. Three sources familiar with the deal, whose composition is still coming together and which has not been finalized, say it […]
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Merck and Seeqc collaborate in Quantum Computing
Pharmaceutical giant Merck is taking a cautious but informed approach that includes setting up an internal working group and partnering with Quantum Computing startup Seeqc to monitor developments while keeping an open mind. About 3 years ago, Merck decided it was time to start educating itself about the emerging quantum sector. The company’s venture capital arm, M […]
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Goldman Sachs and QC Ware collaborate in Quantum Monte Carlo simulations
Goldman Sachs and QC Ware researchers have designed new, robust quantum algorithms that outperform state-of-the-art classical algorithms for Monte Carlo simulations and can be used on near-term quantum hardware expected to be available in 5 to 10 years. Monte Carlo methods, used to evaluate risk and simulate prices for a variety of financial instruments, involve complex calculations […]
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German Aerospace Center and CQC partner in battery simulation models
Cambridge Quantum Computing (CQC) has partnered with the German Aerospace Center (Deutsches Zentrum für Luftund Raumfahrt aka DLR) to explore how Quantum Computing could help create better simulation models for battery development to aid future energy utilisation. The collaboration will see DLR – the national aeronautics and space research centre of the Federal Republic of […]
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Ally Financial joins Microsoft Azure Quantum program
Ally Financial, a leading digital financial services company, shared that it is partnering with Microsoft on Azure Quantum solutions. The company will utilize Azure Quantum to explore how Microsoft’s quantum capabilities can help deliver impact for their customers. Given the breadth of products that Ally offers, new algorithms and future quantum hardware can help leverage the company’s rich set […]
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CaixaBank develops risk classification model using Quantum Computing
CaixaBank is progressing in its preparation strategy for the arrival of quantum computing. After successfully performing the first real tests of quantum computing to study the applications of this technology in financial services, the institution has taken a step further and developed the first machine learning algorithm to classify risks in Spanish banking leveraging Quantum […]
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Quantum Brilliance and Quantum-South partner for logistics optimization applications
Quantum Brilliance, an Australian startup, and Quantum-South, an Uruguayan startup, has announced a partnership to jointly develop and market of complementary products and technology in shipping logistics optimization. The companies will be performing proof of concept implementations with air and marine cargo companies to demonstrate the potential ofquantum computing for solving highly complex computational problems beyond the […]
