888-384-7144 info@insidequantumtechnology.com

Quantum News Briefs: April 4, 2024: LightSolver LPU100 Laser Computing System Empowers Enterprises to Solve the Toughest Optimization Problems; NSA Official Predicts that in 3 to 5 Years, Practical Quantum Computing will be Cloud-Based; Technical University of Denmark Researchers Create 100 Kilometers of Quantum-Encrypted Transfer; “Microsoft-Funded Quantum Startup Plants Flags in Europe”;

IQT News — Quantum News Briefs
By Kenna Hughes-Castleberry posted 04 Apr 2024

Quantum News Briefs: April 4, 2024: Press releases summaries below:

LightSolver LPU100 Laser Computing System Empowers Enterprises to Solve the Toughest Optimization Problems

LightSolver, an innovative technology firm, recently introduced the LPU100, a new laser-based computing system that challenges traditional quantum and supercomputers by solving complex optimization problems rapidly. Utilizing an array of 100 lasers, the LPU100 can address problems featuring up to 120,100 combinations, significantly enhancing decision-making speeds for businesses and engineering tasks. Now available via a cloud platform for select enterprise clients, the LPU100 merges its unique optical hardware with sophisticated algorithmic processing to support up to 1M variable problems across various industries. Its optical nature allows for operations like vector-matrix multiplications to be executed in as little as 10 nanoseconds, a stark contrast to the microseconds required by GPUs while maintaining a desktop computer’s size and operating under ambient conditions. Esteemed institutions, including the Citi Accelerator Innovation Lab, have recognized LPU100’s potential in logistics, manufacturing, aerospace, and finance for its ability to enhance productivity and risk management. LightSolver’s achievement has garnered acclaim for its practical scalability and efficiency, offering a significant competitive edge in optimizing business processes and decisions.

NSA Official Predicts that in 3 to 5 Years, Practical Quantum Computing will be Cloud-Based

NSA Logo Wallpapers - Wallpaper Cave

At a cybersecurity event hosted by Palo Alto Networks, Neal Ziring, the technical director of the NSA’s cybersecurity directorate, forecasted that practical quantum computing tools will be accessible via cloud environments within 3 to 5 years, highlighting the cost and practicality benefits over on-premise solutions. Emphasizing the potential of quantum computing to revolutionize data processing by leveraging the principles of quantum mechanics, Ziring pointed out the intelligence and defense communities’ need for such advancements to enhance cybersecurity and logistical operations. He advocated for the eventual exclusive use of quantum algorithms to minimize complexity and enhance performance despite the need for continued research into quantum circuits for this reality to materialize. The U.S. government, under President Biden’s directive, is aiming to maintain a leadership role in quantum research to safeguard against future cyber threats, including quantum-powered “record now, decrypt later” attacks, with initiatives such as the potential establishment of a quantum computing innovation center within the Department of Defense and setting a 2035 deadline for adopting post-quantum cryptography standards.

Technical University of Denmark Researchers Create 100 Kilometers of Quantum-Encrypted Transfer

Technical University of Denmark - CATCHY - European Training Network

Researchers at the Technical University of Denmark (DTU) have significantly advanced quantum communication by successfully distributing a quantum-secure key over a 100 km distance using continuous-variable quantum key distribution (CV QKD), setting a new record for the technology. This method, compatible with existing internet infrastructure, promises a secure means of transmitting data in the face of quantum computing threats, which could potentially decrypt current encryption methods. The team at DTU, led by Associate Professor Tobias Gehring, utilized advancements in photon loss reduction and machine learning to detect and mitigate noise, thereby extending the secure transmission distance. Their work, published in Science Advances, marks a step forward in quantum encryption and lays the groundwork for establishing quantum-secure networks, potentially linking cities like Copenhagen and Odense. This development is crucial for protecting critical infrastructure and ensuring communications privacy in a future where quantum computing could compromise traditional cryptographic methods.

In Other News: EE Times Europe article: “Microsoft-Funded Quantum Startup Plants Flags in Europe”

EE Times - Connecting The Global Electronics Community

Quantum startup Photonic Inc., emerging from Simon Fraser University in 2016, has secured approximately US$100 million in venture funding to advance its silicon-based optical quantum computing technology, elevating its total venture capital to US$140 million, according to a recent EE Times Europe article. This funding will support the development of its innovative architecture that photonically links spin qubits on silicon chips, promising a scalable solution for quantum networks over telecom wavelengths. In a significant collaboration, Microsoft plans to integrate Photonic’s technology with its Azure cloud computing platform, aiming to create scalable, fault-tolerant quantum computers and networks. With the addition of a U.K. sales office, Photonic is expanding its European presence, supported by investors including the U.K. government’s National Security Strategic Investment Fund and Amadeus Capital Partners. Photonic technology, which boasts high efficiency in transferring quantum states from electron to photon, is heralded for its potential to unify computing and networks, offering a promising future for quantum technology applications.

In Other News: AZO Quantum article: “Quantum Sensing in Space Exploration: Technologies and Applications”

Quantum Science Information | AZoQuantum.com

According to a new AZO Quantum article, quantum sensing technologies (QST), leveraging the principles of superposition and quantum entanglement, are revolutionizing space exploration with their unprecedented precision, sensitivity, and accuracy. These advanced sensors, capable of monitoring a wide range of physical characteristics, are finding critical applications in navigational aids, vehicle positioning, gravitational mapping, and climate studies within the space sector. By utilizing quantum effects, QST offers significant improvements over traditional sensing methods, addressing many challenges the space industry faces today and in the future. With ongoing advancements, quantum sensors are extending their reach beyond short distances, opening new possibilities for global quantum networks and enhancing Earth Observation capabilities with greater accuracy and stability. This burgeoning field holds promise for detecting gravitational waves and potentially dark matter and faces challenges in development and application, highlighting the need for further research, development, and understanding to harness its full potential for space and beyond.

In Other News: Yahoo Finance article: “IonQ Could Disrupt Artificial Intelligence. Why That Does Not Make It a Buy.”

File:Yahoo! Finance logo 2021.png - Wikipedia

IonQ, a frontrunner in quantum computing, is pushing the boundaries of computational power with its advanced systems, such as the Forte quantum system, which boasts a significant leap in processing capabilities through its innovative use of qubits, a new Yahoo Finance article highlights. Despite the technical advancements and the potential to revolutionize computing—potentially outpacing artificial intelligence—the company faces substantial challenges that cast doubt on its ability to deliver significant returns to investors. In 2023, while IonQ’s revenue saw an impressive 98% increase, its expenses far outstripped earnings, leading to a substantial loss and raising concerns about its financial sustainability. The stock has experienced volatility, with significant price fluctuations within the last year, reflecting investor skepticism about the company’s commercial viability and path to profitability. IonQ’s struggles to maintain qubit coherence, manage escalating costs, and carve out a profitable niche in the quantum computing market underscore the hurdles it must overcome to capitalize on its technological advancements and offer a viable investment opportunity.

Categories: Artificial intelligence, cybersecurity, networks, photonics, quantum computing, research

Tags: DTU, IonQ, LightSolver, NSA, Photonic, quantum computing, space

Subscribe to Our Email Newsletter

Stay up-to-date on all the latest news from the Quantum Technology industry and receive information and offers from third party vendors.

In a new guest article, QuSecure Senior Software Engineer Joseph Pirone discusses the implications of a quantum attack on data security.June-Koo Kevin Rhee, CEO/CTO of Qunova Computing and Professor of Electrical Engineering at KAIST is a 2024 Speaker