Tagged: quantum computers

BIS Innovation Hub Announces New Projects, Expands Cybersecurity, Green Finance Experiments

The Bank for International Settlements (BIS) Innovation Hub is announcing a new set of projects across its various centers, “updating its 2022 work program.” They include the first three projects of the upcoming Eurosystem Centre and the first in-depth explorations in cybersecurity. The Eurosystem Centre… Read More

Quantum Computing: API3 to Bring Quantum Random Numbers to Blockchain

API3, the first-party blockchain Oracle solution offering a “seamless” Web3 wrapper that enables web API providers to offer their data directly on-chain, recently announced that API3 QRNG, based on the Australian National University (ANU) Quantum Numbers API, “is now live, allowing Web3 entities to access… Read More

Multiverse Computing, a Quantum Computing Firm, Appoints Karina Robinson as Senior Advisor

Multiverse Computing, which claims to be an international leader in quantum computing solutions for the financial industry and beyond, recently announced the appointment of Karina Robinson as Senior Advisor. As noted in an update shared with CI, Robinson joins Multiverse with more than 10 years… Read More

Quantum Computing Report: Business Organizations May Start Preparing for Quantum Advantage

Organizations need to prepare for a quantum advantage as technological breakthroughs “accelerate the timeline for quantum adoption,” according to an update from Capgemini. As noted in an update shared with CI, quantum technologies “promise exponential speed-up over today’s best supercomputers and will bring to market… Read More

Multiverse Computing Filed 22 Patent Applications Last Year, Accelerating Use-Cases for Quantum Tech

Multiverse Computing, a key player in quantum computing solutions for the financial industry and beyond, recently announced that it has submitted 22 patents from its research efforts in 2021, “demonstrating its intention to continuously innovate in quantum technology as well as protect the company’s intellectual… Read More

Quantum Computing: Classiq Joins Forces With NVIDIA to Accelerate the Path to “Quantum Advantage”

Classiq, which offers (what it claims to be) the leading platform for creating quantum software, recently announced a collaboration with NVIDIA (NASDAQ:NVDA) in order to bring large-scale quantum circuits to customers. Now, businesses and other organizations can “prepare for and explore the benefits of larger… Read More

Quantum Computing Platform Classiq Secures $33M in New Funding

In a sign that we are all moving from quantum exploration to quantum production – and that quantum software development is an important ingredient in gaining quantum advantage – Classiq, which offers a platform for Quantum Algorithm Design, announced that it has secured $33 million… Read More

First Quantum Computing Guidelines Introduced as Investment into Sector Increases, WEF Reports

National governments have reportedly invested more than $25 billion into quantum computing research and more than $1 billion in VC deals have closed in the past year – “more than the past three years combined,” according to an update shared by the World Economic Forum… Read More

Using Quantum Tech to Exploit Bitcoin (BTC) Protocol May be Theoretically Possible, but Quite Challenging in Practice: Report

James Butterfill, Investment Strategist at London-based CoinShares, a digital asset manager focused on expanding access to the cryptocurrency ecosystem while serving as a “trusted partner” for its clients, notes that advances in quantum computing are “stoking fears” that Bitcoin’s wallet structure is “vulnerable to exploits,… Read More

Quantum Computing Startup Multiverse Computing Secures €10M to Focus on Finance Solutions

Multiverse Computing, the quantum computing startup that’s focused on finance, has finalized a €10 million (appr. $11.55 million) seed round. Multiverse Computing created its main product Singularity® for firms operating in the financial industry and looking for a competitive advantage by leveraging quantum computing solutions…. Read More

Arqit Quantum Inc. Appoints Jason Nabi as MD, Financial Services

Arqit Quantum Inc., a leader in quantum encryption tech, is pleased to confirm the appointment of Jason Nabi as MD, Financial Services, with “immediate effect.” As a 30-year veteran in Capital Markets and the Fintech sectors, Jason has “held leadership positions at some of the… Read More

Cambridge Quantum Introduces Open-Source Version of TKET, a Hardware Agnostic Quantum SDK

Cambridge Quantum (CQ) is pleased to confirm that the latest version of TKET (pronounced “ticket”), their high-performance hardware-agnostic quantum software development kit (SDK), is completely open-source. Ilyas Khan, CEO at CQ, noted that they had first announced that TKET would be “available on an ‘open-access’… Read More

Cambridge Quantum Reveals New Algorithm for Solving Combinatorial Optimization Problems with Business Use-Cases

In a new development that is most likely to establish a new industry standard, scientists at Cambridge Quantum (CQ) have created a new algorithm for solving combinatorial optimization problems that have become widespread in business and industry, like the travelling salesman, vehicle routing or job… Read More

Silicon Valley Firm QC Ware and Goldman Sachs Report Major Quantum Computing Breakthrough, Could Impact Financial Services

Giant Wall Street investment bank Goldman Sachs (NYSE:GS) has revealed that it’s made a major quantum computing breakthrough. Goldman said that it’s working on computer algorithms that may be used on hardware that could be available within the next 5 years. Goldman Sachs has reportedly… Read More

German Stock Exchange Operator Deutsche Börse Says Quantum Computing in Risk Management May be Introduced in a Few Years

Deutsche Börse, the German stock exchange company, has reportedly completed the pilot or testing of various quantum computing algorithms which are used to evaluate or create risk models. The pilots found that quantum tech may bring down the time needed for certain simulations from years… Read More

UK Research and Innovation Initiative to Invest £153M in Quantum Tech which will Significantly Impact Financial Services

The UK government, via the UK Research and Innovation (UKRI), is planning to invest £153 million, in order to create new products and services that are based on recent advancements in quantum technologies. Quantum tech is expected to have a major impact on the financial… Read More

Quantum Computers May Steal Bitcoin by Deriving Private Keys once Advanced Enough in 5-30 Years, Experts Claim

John Smith, who has been regularly keeping up with computer science, quantum computing, and cryptocurrency-related developments, claims that the “future of crypto” is quantum-resistant, meaning we must build systems that can protect themselves against the potential attack from quantum computers (QCs) when they become powerful… Read More

Threat of Quantum Computing to Bitcoin Should be Taken Seriously, But there’s Enough Time to Upgrade Current Security Systems, Experts Claim

LocalBitcoins, a leading peer to peer (P2P) Bitcoin exchange, notes that with the advent of quantum computing, there have been concerns that this new technology could be a threat to existing online protocols. Some experts claim that powerful quantum computers might become a legitimate threat… Read More

Quantum Resistant Ledger Partners with Insight’s Quantum Cryptography Research Unit, Hires Senior Marketing Professional

The Quantum Resistant Ledger (QRL) Foundation, which is an organization that has developed a quantum-secure blockchain network and digital asset platform, has teamed up with Insight’s quantum cryptography research division. Both organizations will be working on global standards for QRL’s “quantum-secure” Proof-of-Stake network, which is… Read More

NEASQC, a Quantum Computing Project, Aims to Create Financial Use Cases with a “Practical” Quantum Advantage

The NExt ApplicationS of Quantum Computing (NEASQC) initiative aims to bring together a multidisciplinary consortium of academic and tech industry professionals focused on quantum computing, high-performance computing, artificial intelligence (AI), energy management, and various other sectors. As mentioned in a release: “NEASQC aims to demonstrate… Read More

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