The Israel Innovation Authority has today announced the formation of the largest consortium in its history, with the aim of developing Israel’s quantum computing technologies with a budget of NIS 115 million.
Classiq announced it is working with Rolls-Royce to implement novel computational fluid dynamics [CFD] algorithms. Used in many industrial applications, CFD is key to improving advanced equipment design.
Classiq, which provides a breakthrough Quantum Algorithm Design platform, today announced that it is working with NTT DATA to implement novel credit risk analysis algorithms using quantum computers. Credit risk analysis exists to determine the creditworthiness of borrowers or vendors to quantify and limit the risk of loss to the lender.
Classiq, which provides a breakthrough Quantum Algorithm Design platform, announced that it is collaborating with the Fraunhofer Institute, the leading organization for applied research in Europe, as well as other major academic centers, on the development of software for industrial use of quantum computers.
The Chicago Quantum Exchange has added three new corporate partners to its growing network: Classiq, Lake Shore Cryotronics, and Oxford Instruments.
QUANTUM COMPUTING AND THE SUEZ CANAL On March 23, 2021, the Ever Given container ship became wedged in the Suez Canal, blocking all maritime traffic.
The acceleration in the quantum computing space and the growing number of companies, universities and government agencies that are pushing this wheel are driving the industry into the same problems that other market segments — think cybersecurity and data science — have hit: a skills shortage.
Classiq addresses the challenges in the development of quantum computing by bridging the gap of complex quantum logic. The company builds a new layer of the quantum software stack, increasing the level of abstraction and allowing developers to implement their ideas and concepts without the need to design the specific quantum circuit at the gate level.
Israel Allocates $60 Million to Build First Quantum Computer Read More… + Israel is seeking to build its first quantum computer, joining a global race
Startup Funding: January 2021 Points to note… + Riverlane raised $20.0M in Series A funding led by Draper Esprit and joined by existing investors Cambridge Innovation Capital, Amadeus Capital Partners, and the University
