Grid, Inc. has announced the successful development of a gradient descent (backpropagation) algorithm for use as a NISQ quantum computer algorithm. This result has been published as a paper titled ”Quantum Circuit Parameters Learning with Gradient Descent Using Backpropagation” and released on arxiv.org Quantum computing has received significant attention as a next-generation computing technology due to its potential speed and ability to solve problems considered too difficult for classical...  

New consortium supported by the Department of Commerce and over 70 U.S. companies to enable and grow the U.S. quantum industry and associated supply chain. The Quantum Economic Development Consortium (QED-C) held a workshop to identify cryogenic technology advances that will enable a ten-fold improvement in quantum information science and technology (QIST) in the next decade—10X10.  Quantum computing based on superconducting technologies is just one example of a quantum application that...  

Qnami announced today the closing of a 2.6M CHF (2.6M USD) seed round led by Venture Capital fund Quantonation and further supported by investiere, ZKB Start-up Finance and the High Tech Gründerfond. The funds will support the market entry of Qnami’s first product, a quantum microscope for inspection of magnetic materials at the nanoscale, and further developments of quantum sensing applications. Qnami is a Swiss start-up founded in November 2017. It has developed an innovative platform for the...  

The anticipated evolution of quantum computers, estimated to run 100 million times faster than current technology, poses seemingly unlimited long-term benefits for a broad range of organizations in research efforts, new product development and operating efficiencies. However, quantum computing also has the potential for more nefarious objectives, Fitch Ratings says. This could add significantly to challenges in addressing cyber risk, with broad economic implications across industries, including...