Quantum News Briefs October 19: Mitsui & Co., Ltd & Quantinuum to collaborate in delivery of quantum computing in Japan & Asia-Pacific; Cleveland Clinic and IBM begin installation of IBM Quantum System One; US & Switzerland to sign agreement to work together more closely in quantum computing & MORE
Quantum News Briefs October 19 opens the announcement that Mitsui & Co., Ltd (“Mitsui”) and Quantinuum have signed a partnership agreement to to collaborate in delivery of quantum computing in Japan & Asia-Pacific followed by the announcement that the Cleveland Clinic and IBM have begun the installation of IBM Quantum System One. Third is news of the US & Switzerland signing an agreement to work together more closely in quantum computing. And MORE.
Mitsui & Co., Ltd (“Mitsui”) and Quantinuum to collaborate in delivery of quantum computing in Japan & Asia-Pacific
Mitsui & Co., Ltd (“Mitsui”) and Quantinuum have signed a strategic partnership agreement to collaborate in the delivery of quantum computing in Japan and the Asia-Pacific region. Quantum News Briefs summarizes the announcement below.
Mitsui, which is committed to digital transformation, and Quantinuum, one of the world’s leading quantum computing companies, integrated across hardware and software, have entered this strategic partnership to develop quantum computing use cases, which are expected to drive significant business transformation and innovation in the future.
Mitsui and Quantinuum will accelerate collaboration, cooperation, and development of new business models. They will jointly pursue quantum application development and provide value added services to organizations working across a variety of quantum computing domains, which is expected to be worth US$450B – US$850B worldwide by 2040.*
Yoshio Kometani, Representative Director, Executive Vice President and Chief Digital Information Officer of Mitsui & Co., Ltd. stated: “We are very pleased with the strategic partnership between Mitsui and Quantinuum. By combining Quantinuum’s cutting-edge quantum computing expertise and diverse quantum talents with Mitsui’s broad business platform and network, we will work together to provide new value to our customers and create new business value in a wide range of industrial fields.”
Ilyas Khan, Founder and CEO of Quantinuum stated: “The alliance between Mitsui and Quantinuum demonstrates our shared commitment to accelerating quantum computing across all applications and use cases in a diverse range of sectors, including chemistry, finance, and cybersecurity. Today’s announcement reinforces our belief in the global quantum leadership shown by corporations and governments in Japan, pioneered by corporate leaders like Mitsui.”
Details of the Strategic Partnership
–Joint development of business use cases and business models utilizing quantum computing (pharmaceutical, materials development, energy, mobility, logistics, etc.)
–Market development through dissemination and sharing of quantum computing knowledge<
–Introduction of Quantinuum’s quantum computing solutions to the Japanese and Asia-Pacific markets
Collaboration areas and applications
–Quantum computational chemistry (pharmaceutical, chemical, energy industry, etc.)
–Various optimization applications using quantum computers
–Quantum natural language processing and artificial intelligence
Cleveland Clinic and IBM begin installation of IBM Quantum System One
The Cleveland Clinic and IBM have begun deployment of the first private sector onsite, IBM-managed quantum computer in the United States. The IBM Quantum System is to be located on Cleveland Clinic’s main campus in Cleveland. Quantum News Briefs summarizes the announcement from the Cleveland Clinic’s website.
The first quantum computer in healthcare, anticipated to be completed in early 2023, is a key part of the two organizations’10-year partnership aimed at fundamentally advancing the pace of biomedical research through high-performance computing. Announced in 2021, the Cleveland Clinic-IBM Discovery Accelerator is a joint center that leverages Cleveland Clinic’s medical expertise with the technology expertise of IBM, including its leadership in quantum computing.
“The current pace of scientific discovery is unacceptably slow, while our research needs are growing exponentially,” said Lara Jehi, M.D., Cleveland Clinic’s Chief Research Information Officer. “We cannot afford to continue to spend a decade or more going from a research idea in a lab to therapies on the market. Quantum offers a future to transform this pace, particularly in drug discovery and machine learning.”
“A step change in the way we solve scientific problems is on the horizon,” said Ruoyi Zhou, Director, Ph.D., IBM Research – Cleveland Clinic Partnership. “At IBM, we’re more motivated than ever to create with Cleveland Clinic and others lasting communities of discovery and harness the power of quantum computing, AI and hybrid cloud to usher in a new era of accelerated discovery in healthcare and life sciences.”
US & Switzerland to sign agreement to work together more closely in quantum computing
The US will sign an agreement with Switzerland, a pioneer in quantum-computing technology, to work together more closely in the field, the Swiss government said Tuesday. Quantum News Briefs summarizes the announcement below.
“The goal is to strengthen the cooperation between the US and Switzerland, which has existed for a long time,” said Martin Fischer, spokesman of the State Secretariat for Education, Research and Innovation, or SERI. He said the two sides will look to foster bilateral research projects.
The two countries signed an agreement on scientific and technological cooperation in 2009, and Switzerland is a pioneer in using quantum computing to ensure voting integrity. In 2007, the Swiss canton of Geneva deployed a system using quantum-key distribution to protect its elections developed by id Quantique SA, a Swiss tech firm.
American companies also conduct quantum research in Switzerland. IBM Corp. runs one of its 12 global research labs in Zurich, having entered a 10-year strategic partnership with the ETH Zurich university and the Swiss government to operate a nanotechnology center.
“Quantum has always been a global endeavor,” said Charles Tahan, the assistant director for quantum information science in the White House Office of Science and Technology Policy. “The United States is committed to promoting and supporting international cooperation on QIS research and skills development.”
CSIRO upgrades quantum tech outlook to $6b
Australia’s national science agency has upgraded its market projections for quantum technology. The sector’s revenue is tipped to hit $2.2 billion by 2030 and almost $6 billion by 2045. Quantum News Briefs summarizes PortLincolnTimes article below.
CSIRO head Larry Marshall said Australia is now at a “tipping point” between research and commercial development. (CSIRO is The Commonwealth Scientific and Industrial Research Organisation, an Australian Government agency responsible for scientific research.)
CSIRO expects quantum technology to generate 8700 jobs by 2030 before more than doubling to 19,400 by 2045, according to new modelling. Although it’s a niche sector, some recent developments suggest an optimistic global outlook for quantum technology, the report found.
The sector’s revenue is tipped to hit $2.2 billion by 2030 and almost $6 billion by 2045.
The modelling released on Wednesday assumes Australia can capture five per cent of the global quantum technology market opportunity, based on its current share of investment and research workforce. CSIRO head Larry Marshall said Australia is now at a “tipping point” between research and commercial development.
Australian talent is behind many existing and emerging quantum applications, including random number generators for security and sensors for mining.
Sandra K. Helsel, Ph.D. has been researching and reporting on frontier technologies since 1990. She has her Ph.D. from the University of Arizona.