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Quantum News Briefs: May 3, 2024: News From Photonic • HQS Quantum Simulations • Quantum Corridor and the Chicago Quantum Exchange • University of Massachusetts Amherst, University of Chicago, and Intel • quantum stocks

IQT News — Quantum News Briefs
By Kenna Hughes-Castleberry posted 03 May 2024

Quantum News Briefs: May 3, 2024: Press release summaries below: 

Photonic hires global quantum leaders in key leadership roles

Photonic Raises $100 Million USD for Quantum Technology from BCI, Microsoft, and Other Investors | Business Wire

Photonic Inc., a leader in distributed quantum computing in silicon, announced an expansion of its executive leadership to include top industry experts across various sectors. Dr. Paul Terry, CEO of Photonic, expressed confidence that the new team members, renowned in fields such as research and development, materials science, and quantum technologies, would accelerate the company’s goals in making distributed quantum computing commercially viable. The team includes Dr. Chantal Arena and Dr. Klaus Schuegraf, bringing extensive experience in semiconductor technology and systems development. Dr. Thomas Jennewein and Dr. Michael Thewalt will also enhance Photonic’s quantum networking and material science capabilities. The executive team expansion also includes roles focused on marketing, human resources, and legal to strengthen Photonic’s global brand and workforce.

HQS Quantum Simulations introduces HQStage, a modular quantum simulation and quantum computing toolkit

Media Resources — Quantum Simulations

HQS Quantum Simulations has launched HQStage, a modular, cloud-supported toolkit for quantum simulation and computing. Designed to cater to the needs of developers and researchers in quantum physics and chemistry, HQStage integrates ten robust simulation modules that facilitate a blend of local and cloud computing. This toolkit enhances the simulation of quantum systems across various platforms, including laptops and quantum computers, offering modules that range from Easy Input and Simulation to Model Analysis and Quantum Computing. With features like the HQS Qorrelator App for simulated spectroscopy and the HQS Noise App for simulating open quantum systems, HQStage aims to advance research in chemistry and pharmaceuticals. Additionally, HQS supports these tools with comprehensive theoretical insights published in several detailed papers, ensuring a deep understanding of the underlying concepts for users.

Network technology company Quantum Corridor joins the Chicago Quantum Exchange

Chicago Quantum Exchange

Quantum Corridor, an Indiana-based network technology company, has joined the Chicago Quantum Exchange (CQE) as a corporate partner, strengthening the Midwest’s position in quantum technology innovation. Created in 2021 as a public-private partnership, Quantum Corridor operates a high-speed fiber network to link data centers with quantum research and commercialization efforts in Indiana and Chicago. This partnership with CQE, a major collaborative quantum information science team in the U.S., aims to drive U.S. leadership in quantum technologies, particularly in quantum networking. As part of the Bloch Quantum Tech Hub, Quantum Corridor will contribute to developing the nation’s first publicly usable, commercial-grade quantum network testbed, expected to impact the regional economy by 2035 significantly.

University of Massachusetts Amherst Researchers build new device that is a foundation for quantum computing

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In collaboration with the University of Chicago, researchers at the University of Massachusetts Amherst have made a significant advancement in quantum computing by adapting a microwave circulator to precisely control the nonreciprocity between a qubit and a microwave-resonant cavity. This advancement allows for the exact tuning of nonreciprocity, which is crucial for enhancing quantum information processing. The team has also developed a general and adaptable theory that simplifies previous understandings of nonreciprocity, making it easier for future research to apply these findings across various components and platforms. This new model, which has been published in Science Advances, promises to facilitate the development of more sophisticated quantum computing technologies.

In Other News: Forbes article: “Six Ground-Breaking Industries Quantum Computing Is Projected To Revolutionize” 

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Quantum computing, a field at the cutting edge of technological innovation, promises to revolutionize a broad spectrum of industries, from cryptography to materials science, according to insights from a recent Forbes article. Experts predict transformative impacts in areas such as agri-tech, where quantum computing could overhaul fertilizer production to boost crop yields and reduce greenhouse emissions. Networking is expected to enhance security measures to protect against sophisticated threats. Additionally, it could significantly improve weather modeling with AI integration, accelerate drug discovery by precisely simulating molecular structures, deepen our understanding of quantum gravity and black holes, and innovate data security and encryption by utilizing quantum properties like superposition and entanglement. These advancements highlight quantum computing’s potential to address some of the most complex and pressing challenges across various sectors.

In Other News: Nature article: “Intel brings quantum-computing microchips a step closer” 


Scientists at Intel, collaborating with the University of Massachusetts Amherst and the University of Chicago, have achieved a significant milestone in quantum computing by successfully adapting semiconductor technology to fabricate silicon qubits on a 300-millimeter wafer, a recent Nature news story highlights. This advancement enables the precise tuning of nonreciprocity between qubits and microwave-resonant cavities, a crucial factor in quantum information processing. The research, published in Science Advances, includes a newly developed, broadly applicable theory that simplifies previous models of nonreciprocity, making it easier to implement in different quantum computing platforms. This development represents a key step toward creating scalable quantum computers capable of addressing real-world problems.

In Other News: Investor Place article: “Seize the Quantum Opportunity: Why You Should Buy IONQ Stock Before May 8” 

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According to a recent Investor Place article, IonQ, a pioneer in quantum computing technology, is on the brink of potentially surpassing Wall Street expectations with its upcoming quarterly earnings release on May 8. The company, known for its significant strides in quantum computing applications for airports and the power grid, recently partnered with Deutsches Elektronen-Synchrotron and Oak Ridge National Laboratory to further enhance flight-gate optimization and modernize the power grid. With a recent revenue increase of 60% year-over-year in the fourth quarter of 2023, IonQ is poised for continued growth. As the first to open a dedicated quantum-computing manufacturing facility in the U.S., IonQ remains under the radar, much like Nvidia before its surge driven by AI processor demand. Investors are advised to consider IonQ as a prime investment opportunity, particularly before the earnings announcement, as the company is expected to deliver a positive surprise.

Categories: photonics, quantum computing, research, semiconductors

Tags: Chicago Quantum Exchange, HQS Quantum Simulations, Intel, IonQ, Photonic, Quantum Corridor, University of Chicago, University of Massachussett Amhearst

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Peter Viereck, Business Development Manager at the Niels Bohr Institute, is a 2024 Speaker for the IQT Nordics conference in Helsinki.Paola Baca, Managing Director of the Stewart Blusson Quantum Matter Institute (QMI) is a 2024 IQT Vancouver Speaker