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Press releases
Press releases from Quantum Computing industry
Quantum Computing Inc. (QUBT) (the “Company” or “QCI”), an advanced technology company developing quantum ready applications for quantum computers, announced today that the Company has released its first “Quantum Ready” software application – The Quantum Asset Allocator (QAA). The target market (estimated at over $1 billion) for QAA is financial institutions who are currently addressing asset allocation problems but are looking for better tools with which to optimize portfolio performance. QAA...
Xanadu's unique photonic approach to quantum computing will be much more energy efficient than traditional computing methods, thereby saving energy and emissions from power generation. Xanadu, a Canadian quantum hardware and technology company has received a $4.4M investment from Sustainable Development Technology Canada (SDTC). The investment will expedite the development of Xanadu's photonic quantum computers and make them available over the cloud. This project will also further the company's...
Tradeteq has joined the IBM Q Network – a group of companies, academic institutions, start-ups and national research labs working with IBM to advance quantum computing. Tradeteq is the first electronic trading platform for the institutional trade finance market and uses AI for private credit risk assessment and portfolio optimization. Tradeteq is collaborating with leading universities around the globe to build the next generation of machine learning and optimization models, and is advancing...
Centers to Support National Quantum Initiative. The U.S. Department of Energy (DOE) announced up to $625 million over the next five years to establish two to five multidisciplinary Quantum Information Science (QIS) Research Centers in support of the National Quantum Initiative. The National Quantum Initiative Act, signed into law by President Trump in December 2018, established a coordinated multiagency program to support research and training in QIS, encompassing activities at the National...
Two new reports from IDC Financial Insights provide a primer on this transformational technology with potential to significantly improve bank infrastructure. IDC Financial Insights today announced publication of a two-part series that delves into the world of quantum computing in the context of banking. According to the new reports, quantum computing services will play an important role in the bank's infrastructure arsenal going forward, delivered through cloud services. This initial research...
New York University will join the IBM Q Hub at the Air Force Research Lab to advance the fundamental research and use of quantum computing in simulation of quantum systems and advancing quantum education. IBM will provide NYU with access through the cloud to the world’s largest fleet of quantum computing systems for commercial use case exploration and fundamental research. The announcement of the agreement was made during CES 2020, the annual global technology conference and showcase in Las...
Los Alamos National Laboratory announced today at CES 2020 that it is joining the cloud-based IBM Q Network as part of the Laboratory’s research initiative into quantum computing, including developing quantum computing algorithms, conducting research in quantum simulations, and developing education tools. “Joining the IBM Q Network will greatly help our research efforts in several directions, including developing and testing near-term quantum algorithms and formulating strategies for mitigating...
The Georgia Institute of Technology has announced its agreement to join the IBM Q Hub at the Oak Ridge National Laboratory (ORNL) to help advance the fundamental research and use of quantum computing in building software infrastructure and developing specialized error mitigation techniques. Georgia Tech will have cloud access, via the Oak Ridge Hub, to the world’s largest fleet of universal quantum computing systems for commercial use case exploration and fundamental research. “Access to IBM...
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