By Kenna Hughes-Castleberry posted 17 Feb 2024
Quantum News Briefs: February 16, 2024:
Delft University of Technology Researchers Propose New Design for Quantum Computers
Quantum scientist Natalia Chepiga from Delft University of Technology (TU Delft) has introduced a novel protocol to enhance the capabilities of quantum simulators, a specialized type of quantum computer designed to tackle complex quantum physics problems beyond the reach of conventional computing. Published in Physical Review Letters, Chepiga’s research offers a “recipe” for making quantum simulators fully controllable, akin to adding a steering wheel to a vehicle, thereby enabling them to explore new physics phenomena. By employing two lasers of different frequencies to excite rubidium or cesium atoms, the protocol allows for the simulation of quantum systems with an unprecedented level of detail and complexity. This advancement not only paves the way for quantum simulators to explore phenomena involving the collective behavior of many entangled particles—where traditional computing methods fall short due to computational limitations—but also highlights the potential of quantum computing in revolutionizing various societal domains, including finance, encryption, and data storage.
In Other News: Investor Place article: “3 Quantum Computing Stocks That Could Make Your February Unforgettable”
Investors seeking to diversify their portfolios with promising tech stocks should consider seizing the opportunity to invest in quantum computing this February, states a new Investor Place article. Rigetti Computing (RGTI), D-Wave Quantum (QBTS), and Quantum Computing (QUBT) are highlighted as three quantum computing stocks with the potential to deliver significant returns. Rigetti is making strides in both hardware and software, with notable defense industry contracts and a positive revenue trajectory. D-Wave stands out with its quantum annealing technology, experiencing revenue growth and increased bookings. Quantum Computing focuses on hardware-agnostic software solutions, boasting a strong balance sheet and ambitious expansion plans. These companies, still in the early stages of commercializing their quantum systems, offer a unique chance for early investors to tap into the transformative potential of quantum technology across various sectors, including finance and healthcare, with the promise of substantial future growth.
In Other News: PharmExec.com article: “Quantum Computing Poised to Take Off in the Pharma Setting”
According to a recent PharmExec.com article, in the wake of artificial intelligence’s (AI) surge in popularity throughout 2023, there’s growing anticipation within the tech community that 2024 could mark the year quantum computing takes center stage. Eric Huestis, a partner at Foley Hoag, emphasizes the unique capability of quantum computers to efficiently simulate quantum systems, particularly benefiting the pharmaceutical industry by enabling the rapid and precise computation of molecular properties. While these advanced computers are currently limited to research labs due to their complexity and manufacturing costs, their potential applications in biotech for simulating drug interactions and in AI for handling complex algorithms are substantial. Huestis believes that, although quantum computing may not become as ubiquitous as AI in the immediate future, its role in enhancing drug discovery and offering hybrid solutions that integrate quantum algorithms into AI-driven development pipelines could significantly impact 2024 and beyond.
In Other News: Investor Place article: “Beyond AI: 3 Quantum Stocks Unlocking the Future of Technology”
As a recent Investor Place article highlights, the quantum computing sector is witnessing significant strides made by leading companies like Honeywell (HON), D-Wave Quantum (QBTS), and IONQ (IONQ), each demonstrating strategic expansions and technological advancements. Honeywell showcases robust organic sales growth and a diversified portfolio, including strategic investments in quantum computing through its acquisition of Quantinuum. D-Wave Quantum marks continuous growth in bookings and revenue, signaling it’s deepening penetration in the commercial market and increasing deal sizes, indicating it’s expanding reach and value. IONQ has shown a remarkable year-over-year revenue increase and launched new products, positioning it for substantial market growth. These companies not only highlight the financial and technological momentum within the quantum computing industry but also underscore the sector’s potential to revolutionize various industries by offering advanced computational capabilities. Their efforts in portfolio optimization, market expansion, and product innovation place them at the forefront of the quantum computing market, promising significant returns for investors while driving the future of technology.
Kenna Hughes-Castleberry is the Managing Editor at Inside Quantum Technology and the Science Communicator at JILA (a partnership between the University of Colorado Boulder and NIST). Her writing beats include deep tech, quantum computing, and AI. Her work has been featured in National Geographic, Scientific American, Discover Magazine, New Scientist, Ars Technica, and more.
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- Source: https://www.insidequantumtechnology.com/news-archive/quantum-news-briefs-february-16-2024-delft-university-of-technology-researchers-propose-new-design-for-quantum-computers-3-quantum-computing-stocks-that-could-make-your-february-unforgettable/
