Artificial Intelligence
IDTechEx Asks How Gate-Based Quantum Computers Will Scale-Up
BOSTON, April 24, 2024 /PRNewswire/ — Many players are now competing to create a large-scale, fault-tolerant, gate-based quantum computer. In IDTechEx’s latest report, “Quantum Computing Market 2024-2044: Technology, Trends, Players, Forecasts”, it is predicted that this market will grow with a CAGR of at least 30% and is on track to become a multi-billion dollar industry. But how will it get there? This article overviews how this industry is planning to scale up hardware systems and truly start competing with existing supercomputers.
Breaking the 1000 qubit barrier
Building a quantum computer is hard. Building a large-scale, fault-tolerant, gate-based machine to solve a range of complex commercial problems is even harder. 2023 was an exciting year for quantum computing enthusiasts. Both IBM and Atom Computing announced breaking through the 1000 qubit barrier, a significant milestone on the road to large-scale hardware realization. Moreover, public announcements of contract securements and even delivery of on-premises hardware continued – with examples across almost all major qubit modalities.
Yet, for many, evidence is also mounting that the hype surrounding quantum computing may be past its peak. The number of start-ups emerging appears to have plateaued, and globally, VC reticence is reported to be rising. Despite the growing list of US$100M round closures in quantum – Photonic Inc, Oxford Quantum Circuits, and Quantinuum, to name just a few – overall, far more capital is flowing the way of artificial intelligence (AI) and biotech. Worse still – the ‘quantum talent crisis’ is intensifying, with many players struggling to recruit the physicists, quantum engineers, chip designers, and computer scientists they need to grow. Meanwhile, quantum annealing leaders D-Wave are already ramping up their product scale capabilities with logistics-focused customers, which could also draw end-user attention away from the gate-based community in the near term.
So, as pressure mounts on the gate-based quantum computing market to utilize its capital and demonstrate that it is on track toward commercial value creation, what are the crucial next steps for hardware developers?
The logical qubit era
Awareness of the importance of reducing errors in quantum computers has grown significantly. Individual physical qubits are notoriously vulnerable to decoherence from a variety of noise sources – from temperature and electromagnetic radiation to crosstalk. Decoherence is catastrophic for quantum advantage, seeing qubits no longer simultaneously represent 1s and 0s but quite classically 1s or 0s.
One method of overcoming the impact of noise and decoherence is quantum error correction (QEC). In simple terms, this requires creating abstracted, error-free, logical qubits from a collection of noisy physical qubits. In oversimplified terms, by comparing the properties of the group, enough information about the noise can be extracted to correct it. It is analogous to playing a game of broken telephone enough times to decode the original message. The exact mathematical approaches to large-scale error correction remain a highly active area of research – particularly by the likes of experts at Riverlane. Yet the conclusion is clear: the number of logical qubits per system is becoming a more important benchmark for quantum computer hardware’s long-term potential for success.
Strikingly, it is apparent that the required ratio of physical to logical qubit varies dramatically between qubit modalities. Evidence suggests that for photonic, it could be as low as 2:1, for neutral atom and trapped ion nearer 10:1 – while superconducting could require more than 1000:1. To some extent, this has temporarily leveled the playing field in the quantum computing market, seeing challengers such as QuEra catch up, if not overtake, giants like IBM and Google in the race for high numbers of logical qubits.
Overall, the need to now transition into a ‘logical era’ is clear. This is well evidenced by the focus on this benchmark in the latest roadmaps by multiple players across the industry. Yet, unfortunately, solely optimizing system design towards reducing errors will not be enough to secure long-term success. For this, the impact on overall size and power consumption must also be considered.
Reduced Infrastructure burden
Overcoming the infrastructure limitations associated with scaling quantum computer hardware is no easy task. Almost all systems today require cooling, whether it be using cryostats or lasers. It is often the cooling system that can be the most demanding on space. However, as efforts to increase logical qubit number increase – space per cooling system to house them is running out.
As a result, today, many hardware roadmaps show a modular approach with multiple systems connected. On the one hand, quantum computing is designed for high-value problems – to be solved over the cloud, and so requiring a large footprint within a data center is not necessarily a huge barrier to adoption. However, in some instances, the associated power demand for this approach for an LSFT machine is calculated to be in the Mega Watts, which is enough to warrant its own small modular reactor. To truly follow the trend of classical computing from vacuum tube to smart phone, it’s time to start making components smaller before capabilities can get bigger.
One key aspect impacting infrastructure demand is qubit density or the physical size of qubits. Some modalities claim to have a significant advantage in this area over others. For example, it is currently estimated that superconducting and photonic designs could integrate thousands of qubits per chip, trapped-ion tens of thousands, and silicon-spin billions. This is partly limited by the dimensions of the quantum state utilized, as well as the manufacturing methods available to produce them. The size advantage offered by silicon-spin is largely a result of leveraging the highly optimized techniques already adopted by the semiconductor industry for transistor and CMOS manufacture. Notably, Microsoft is also working towards hardware protected Majorana qubits, microns in scale, specifically stating the advantage of enabling a ‘single module machine of practical size’. That being said, given the impact of crosstalk and other noise sources, how the impact of spacing between qubits required will change at scale across all modalities remains uncertain.
Furthermore, it cannot be overlooked that as well as the qubit themselves, often the most space is needed for manipulation and readout systems. For example, moving from hundreds to thousands of qubits can lead to unfeasible requirements of microwave cabling, interconnects, lasers and more. As a result, many players are now also developing more optimized approaches for scalable manipulation and control. SEEQC have created a digital, on-chip alternative to analogue control for superconducting qubits which is now of growing interest to other modalities in the eco-system. Similarly, Oxford Ionics have recently patented an ‘electronic qubit control’, an on-chip interface for trapped-ion modalities. In fact, it is the almost ubiquitous focus of research in start-ups and established players to overcome ‘the wiring challenge’. Looking ahead, remaining agile across the quantum stack offers will offer an advantage over vertical integration in this regard.
Societal and Market Outlook
In this increasingly competitive industry, the coming years will illuminate which strategies hold the greatest promise for securing a lasting quantum commercial advantage. This task will be an uphill balancing act between reducing errors and scaling up logical qubit numbers while also optimizing for resource efficiency. This is without even considering gate-speed, algorithm development, and many other crucial factors. The enormity of the task will likely see many players fail to survive until the end of the decade. Yet, with market consolidation and convergence of talent, increased clarity should come as to where and when quantum advantage could be offered first, serving only to increase end-user confidence and engagement. Despite the headwinds, the world-changing potential of quantum computers within finance, healthcare, sustainability, and security will remain a tantalizing enough carrot for not only individual companies but entire nations to chase.
With so many competing quantum computing technologies across a fragmented landscape, determining which approaches are likely to dominate is essential in identifying opportunities within this exciting industry. IDTechEx’s report, “Quantum Computing Market 2024-2044: Technology, Trends, Players, Forecasts”, covers the hardware that promises a revolutionary approach to solving the world’s unmet challenges. Drawing on extensive primary and secondary research, including interviews with companies and attendance at multiple conferences, this report provides an in-depth evaluation of the competing quantum computing technologies: superconducting, silicon-spin, photonic, trapped-ion, neutral-atom, topological, diamond-defect and annealing.
About IDTechEx:
IDTechEx provides trusted independent research on emerging technologies and their markets. Since 1999, we have been helping our clients to understand new technologies, their supply chains, market requirements, opportunities and forecasts. For more information, contact [email protected] or visit www.IDTechEx.com.
Images download:https://www.dropbox.com/scl/fo/uqy8rmvn6kwo70phgju1a/h?rlkey=c6w7hd8wjxr9ila1p38xx9tb0&dl=0
Media Contact:
Lucy RogersSales and Marketing [email protected] +44(0)1223 812300
Social Media Links:
Twitter: www.twitter.com/IDTechExLinkedIn: www.linkedin.com/company/IDTechEx
Logo – https://mma.prnewswire.com/media/478371/IDTechEx_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/idtechex-asks-how-gate-based-quantum-computers-will-scale-up-302124774.html
BIRMINGHAM, England, May 6, 2024 /PRNewswire/ — Patients with spinal cord injury (SCI) could benefit from future treatment to repair nerve connections using red and near-infrared light.
The method, invented by University of Birmingham scientists and patented by University of Birmingham Enterprise, delivers light directly to the site of the injury.
Their latest research, published in Bioengineering and Translational Medicine, determined an optimal ‘dose’ for this novel approach, and showed it can deliver therapeutic improvements including significant restoration of sensation and movement, and regeneration of damaged nerve cells.
Researchers led by Professor Zubair Ahmed used cell models of SCI to determine the frequency and duration of light required to achieve maximum restoration of function and stimulate nerve cell regrowth.
They found delivery at a wavelength of 660nm for one minute a day increased cell viability (the number of live cells) by 45% over five days’ treatment.
Professor Ahmed said: “The effect of 660nm light was both neuroprotective, meaning it improved survival of nerve cells, and neuroregenerative, meaning it stimulated nerve cell growth.”
The researchers also investigated the effect of light therapy in preclinical models of SCI, using an implantable device and transcutaneous delivery with the light source placed against the skin. They showed comparable results for both methods, with a one-minute dose of 660nm light, delivered daily for seven days resulting in reduced tissue scarring, increased levels of proteins associated with nerve cell regeneration, improvements in the connections between cells and significant functional recovery.
This is the first time transcutaneous and direct light delivery have been compared in SCI. Professor Ahmed said: “To make light therapy viable for treating SCI in humans an implantable device will be required, to provide line of sight to damaged tissue and the opportunity for greater accuracy and standardise dosing without impedance due to the thickness of the skin and other tissues surrounding the spinal cord.”
The researchers are planning to develop an implantable device for use in humans with traumatic SCI. They have already received further funding and are seeking commercial partners or investors to develop a prototype device to take into first-in-man clinical trials.
Full release here.
University of Birmingham Enterprise helps researchers turn ideas into products and services that meet real-world needs. Follow us on LinkedIn and X.
Photo: https://mma.prnewswire.com/media/2404909/University_of_Birmingham_Enterprise.jpg
Media enquiries: Ruth Ashton
Commercial enquiries: Veemal Bhowruth
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/red-light-therapy-for-repairing-spinal-cord-injury-passes-milestone-302136233.html
Artificial Intelligence
TerraPay Continues to Attract Top Industry Talent, Names Hassan Chatila as Vice President and Global Head of Network
LONDON, May 6, 2024 /PRNewswire/ — TerraPay, a leading global money movement company, is excited to announce the appointment of Hassan Chatila as Vice President – Global Head of Network.
This key addition to TerraPay’s global network leadership also marks a critical step in the company’s ongoing strategy to simplify and streamline global money movement for businesses and individuals alike, underscoring its commitment to enhancing its network capabilities.
With over 20 years of experience in the cross-border payments, Hassan brings with him a rich legacy of leadership and innovation. Before joining TerraPay, he served as the Global Head of Western Union’s Account Payout Network, where he played a pivotal role in expanding and optimizing the network to support seamless global transactions. His impressive career portfolio also includes key leadership roles at Earthport and Temenos, where he led significant payments transformation initiatives and drove substantial growth.
In this new role at TerraPay, Hassan will lead the expansion and optimization of TerraPay’s global payout network. He will work closely with internal and external stakeholders to enhance the network’s capabilities, ensuring that TerraPay continues to offer its partners transparent and efficient payment solutions.
Welcoming Hassan to the team, TerraPay Founder and CEO, Ambar Sur, said, “It gives me great pleasure to welcome Hassan on board. As an industry expert, he comes with a highly reputable cross-border payment expertise and deep leadership experience. On TerraPay’s journey of growth, Hassan’s appointment is a critical step in furthering our network expansion goals. I look forward to working together and further deepen TerraPay’s position as a global money movement leader.”
Hassan Chatila, VP – Global Head of Network, TerraPay, commented on his new role, saying, “I am thrilled to join TerraPay at this pivotal time. Over the years, TerraPay has built an expansive global money movement network driven by the mission to build a borderless world of payments. I look forward to leveraging my experience to further develop our network capabilities, create new opportunities across markets and help TerraPay achieve its ambitious goals.”
For media inquiries, please contact [email protected]
About TerraPay
TerraPay simplifies global money movement – by providing a single connection to the most expansive cross-border payments network regulated in 31 global markets and enabling payments to 144 receive countries, 210+ send countries, 7.5Bn+ bank accounts and 2.1Bn+ mobile wallets. TerraPay is on a mission to connect a borderless financial world, making moving money everywhere instant, reliable, transparent and fully compliant. TerraPay pushes the boundaries for global businesses – ranging from banks, fintechs and money-transfer operators to travel businesses, creator economy platforms and e-commerce marketplaces – while driving financial inclusion in even the most inaccessible markets. Founded in 2014, TerraPay is headquartered in London, with global offices in Bangalore, Dubai, Miami, Bogota, Dar es Salaam, Kampala, Hague, Dakar, Joburg, Nairobi, Milan, Singapore and is expanding rapidly, having received funding from leading investors, including the IFC (the World Bank), Prime Ventures, Partech Africa and Visa.
Logo: https://mma.prnewswire.com/media/1222771/TerraPay_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/terrapay-continues-to-attract-top-industry-talent-names-hassan-chatila-as-vice-president-and-global-head-of-network-302135445.html
PARIS, May 6, 2024 /PRNewswire/ — Stonal, the leading data management platform for real estate owners and investors in Europe, has announced a strategic investment by Aareon, Europe’s trusted provider of SaaS solutions for the property industry, to accelerate its European expansion.
Founded in 2017 by Michel Tolila, the current executive chairman, and Jean-Maurice Oudot, Stonal’s mission is to deliver data quality at scale for asset owners and investors. Its collaborative AI-powered platform extracts information from documents and blueprints, creating an accurate and up-to-date database on buildings open to stakeholders such as property managers, surveyors, and insurers. Its decision-making modules offer ESG reporting and CapEx planning to increase returns, improve productivity and preserve value.
Since its inception, the company has quickly expanded into residential and commercial real estate. In early 2024, Stonal launched its proprietary StonalGPT, the first generative artificial intelligence solution designed for real estate owners and investors, establishing itself as one of the pioneers in this field.
Robin Rivaton, CEO of Stonal: “The real estate industry, both residential and commercial, is at a crossroads. AI is a massive opportunity to reshape the sector in a remarkable way, but it still requires a significant amount of data on which to train these systems. Thanks to the strategic partnership with Aareon we will reach such a scale and accelerate our European expansion.”
Aareon is the trusted provider of SaaS solutions for the European property industry. With locations across France, Germany, the Netherlands, Spain, Sweden, and the United Kingdom, Aareon serves 13,000 customers totalling 18 million units.
Harry Thomsen, CEO of Aareon: “Investing in Stonal is a strategic step to strengthen our “Aareon Sustain” product portfolio and amplify our proficiency in AI technology across the Aareon Group. With an expected uptick in the need for robust data management solutions, this collaboration not only reinforces the existing partnership between Stonal and Aareon in France but also equips us to meet our customers’ needs and deliver unrivalled innovation and operational excellence.”
Aareon’s investment in Stonal reflects the growing appetite of the real estate sector for technological solutions that enable it to address the major challenges it faces, applying to both larger companies and smaller ones. Expanding ESG expectations, increased CapEx for greener properties, stringent building safety regulations, higher vacancy due to remote work for offices, all converge in the context of high interest rates. The capacity to evaluate risks and make well-informed decisions promptly is now more crucial than ever.
Stonal was advised on this deal by Lazard, Aareon by Vulcain.
About StonalFounded in 2017, Stonal is the leading data management platform for real estate owners and investors in Europe. It helps more than 130 clients, REITs, insurers, housing organisations, asset managers, family offices, to manage a combined portfolio of more than 200 million sqm (including 1.6 million housing units) across all Europe. With 150 employees, Stonal is present in France and the UK.
Contact: Perrine ABRARD, Stonal CMO [email protected]
About AareonAareon is Europe’s trusted provider of SaaS solutions for the property industry, leading the charge towards a digital future. Passionately committed to connecting people, process, and property, Aareon brings the ecosystem closer together. Our Property Management System, powered by smart software solutions, promotes efficient property management and maintenance, enabling superior digital experiences for everyone involved. In our continuous pursuit of innovation, Aareon remains the industry’s reliable partner, inspiring positive change for sustainable spaces for all.
With a dedicated team of around 2,000 professionals, Aareon achieved pro forma revenues of €410 million and a pro forma Adjusted EBITDA of €137 million in 2023.
Logo: https://mma.prnewswire.com/media/2404363/Stonal_Logo.jpg
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/aareon-invests-up-to-100m-in-ai-powered-proptech-stonal-302135639.html
-
Artificial Intelligence3 days agoCleverTap launches Clever.AI, the AI-Driven Edge for Customer Engagement & Retention
-
Uncategorized6 days agoIntel unveils AI-Platform Innovation for Paris 2024
-
Artificial Intelligence6 days agoSUNRATE partners with YeePay to empower Chinese companies to navigate global expansion
-
Uncategorized3 days ago
Improving the Developer Journey in Crafting Artificial Intelligence Applications
-
Artificial Intelligence5 days agoAppdome Unveils World’s First Agentless Mobile EDR & MTD
-
Uncategorized3 days ago
Unveiling the Complex Psychological Implications of Artificial Intelligence
-
Artificial Intelligence3 days ago5G Enterprise Market Projected to Reach $115.81 billion by 2030 – Exclusive Report by 360iResearch
-
Artificial Intelligence3 days agoBitrue expands Bitcoin Runes Offerings with GPTV Listing and Staking Options
