Quantum technology is reshaping our digital world. From Signal’s quantum-resistant encryption securing chats against future threats to IBM’s error-correction algorithm running on AMD chips, practical quantum solutions are emerging. Portugal’s PTQCI network pioneers unbreakable data links, while UNSW’s quantum memory boosts network efficiency. Read on.
HSBC, working with IBM, has delivered the first empirical evidence of quantum’s real-world impact in finance. By blending quantum and classical resources, the trial achieved up to a 34% improvement in predicting bond trade outcomes. The results signal that quantum computing is no longer just theoretical—it is delivering measurable value on trading desks today.
Qunova Computing’s HiVQE algorithm achieved chemical accuracy across multiple quantum systems, marking significant progress in quantum chemistry. Tested on IQM, IBM, and AQT processors, the solution demonstrated hardware-agnostic performance. With fewer qubits required, Qunova’s algorithm offers a practical path toward quantum advantage in chemical computations.
The Quantum Application Lab (QAL) recently secured a substantial € 1.2M grant from the municipality of Amsterdam. Dubbed the “Subsidie Economische Structuur en Arbeidsmarktversterking” or SESA, this grant represents a crucial step for QAL.
PASQAL, a prominent player in neutral atoms quantum computing, is breaking new ground with the launch of “Quantum Discovery.”
The Platform for Digital and Quantum Innovation of Quebec (PINQ²), in partnership with IBM, announced the inauguration of an IBM Quantum System One in Bromont, Quebec. This milestone marks the consolidation of Quebec’s leadership in quantum computing and positions the province as a global reference in sustainable development.
The global technology industry experienced a 44% decline in the number of quantum computing-related patent applications in Q3 2022 compared with the previous quarter
Noise is currently quantum computing’s biggest challenge as well as its most significant limitation. IBM is working to reduce that noise in the next few years through various types of quantum error management until true quantum error correction (QEC) is attained..
[Q]uantum computing can offer quantum machine learning, meaning you use this special quantum ability to handle different simulations and different possibilities.
Investment that the U.K. government started in quantum technologies in 2013 seems to have paid off by enabling the existence of companies at the cutting edge of research.
