OneQuantum India | News & Updates
OneQuantum India | News & Updates
Weekly Newsletter
Dear Friends,
Greetings of the day! I am pleased to publish 11th edition of weekly newsletter by OneQuantum India.
We're currently preparing for our next monthly event. A FinTech-themed event will take place during the month of August. The theme of the month is what's happening at the intersection of quantum computing and finance, as well as how quantum is influencing the industry and our future. Keep an eye out for more details.
Our mentorship program with Keysight Technologies has been a remarkable success, and we'd like to provide an update. We currently have 181 active mentor relationships and have completed a staggering 392 mentoring hours over the last 6 weeks. 63 percent of mentees expressed a desire to get help with soft skills and 54 percent requested help with business skills. This is incredible. Thank you to all our highly engaged mentees, our dedicated mentors who are giving their time, and Denise Ruffner & Elizabeth Russo.
I continue to meet various professionals / founders / academia / government officials from the Quantum Community and look forward to setting up a one-on-one interaction with you soon.
Stay Safe,
Regards,
Chintan Oza
President India Region, OneQuantum
https://www.linkedin.com/in/chintanoza
First Quantum Device Simulation in Classical Computer Hardware a Success; New Algorithm Could Set Defining Benchmarks
Defining the greatest quantum mechanics is difficult, especially since new technology is being developed practically every week. Some studies and hypotheses on powerful quantum hardware appear promising, but only a handful come close to the quantum mechanics we anticipate. To that end, traditional computer hardware with quantum simulation was created in order to evaluate quantum-related devices. To assess contestants in the race of quantum mechanics, specialists from the Ecole Polytechnique Fédérale de Lausanne and Columbia University collaborated to design a method that would allow scientists to examine and rank near-quantum devices. Surprisingly, the specialists were able to construct a simulated evaluator using standard computer hardware. The study on the computer hardware quantum simulator is named "Classical variational simulation of the Quantum Approximate Optimization Algorithm" and was published in the journal Quantum Information.
Without becoming a quantum engineer, you can utilize a quantum computer right from your spreadsheet – Singularity by Multiverse Computing makes it possible!
The mission of Multiverse Computing is to make sophisticated quantum computing techniques simple and accessible to the general public. Through their toolkit Singularity, the team has linked quantum computers to an easy-to-use Excel interface. For quantum investment optimization, Multiverse Computing has released the Singularity spreadsheet software. Multiverse has offered its clients access to its portfolio optimization tools as a first demonstration. Quantitative analysts may now use an Excel spreadsheet to maximize investments in a quantum computer (D-quantum Wave's annealer).
According to a BCG report, quantum computing will transform many industries and generate up to $850 billion in annual value by 2040.
Quantum computing received $675 million in equity investments in 2020, with $528 million of it going to hardware development. The previous year, a total of $211 million in venture funding was split equally between hardware and software. With almost $800 million in investments, BCG expects 2021 to surpass past records. Over the next decade, BCG anticipates a competition between five rival quantum hardware technologies. As of now, they all have their own performance and scalability compromises, and the jury is yet out on who will emerge victorious. Large, well-established firms like IBM, Google, Honeywell, and Amazon Web Services are aggressively investing alongside well-funded startups like IonQ, which went public this year at a $2 billion initial valuation.
How IBM is tackling the scarcity of quantum talents in India
Approximately 5,000 disadvantaged kids from Karnataka, Telangana, and Delhi-NCR have gained data science and cloud computing skills, with over 2000 of them being placed in employment, thanks to an IBM-NASSCOM Foundation program focused at preparing India's young for the future. In 2019, IBM and the NASSCOM Foundation collaborated with 23 institutions as part of IBM's SkillsBuild career preparedness initiative to certify enrolled students on IBM accredited courses on emerging technologies such as data science and cloud computing. In its initial year, this unique programme engaged students with a 250-hour on-campus blended training model that combined online and face-to-face instruction to gain skills in new-age technologies such as Data Science and Cloud Computing. Because of COVID-based restrictions in 2020, the curriculum moved to a completely online style of instruction and learning. TMI and iPrimed trained students from 23 non-technical colleges in Tier 2 and Tier 3. Despite the obstacles posed by the pandemic, IBM and NASSCOM Foundation, in collaboration with training partners, have been conducting placement drives across the country and have already placed over 2000 students in top technology businesses.
https://www.eetindia.co.in/ibm-partners-with-nasscom-to-make-indias-youth-future-ready/
How Quantum Computing Will Shape Logistics in the Future
Many of us have heard of the travelling salesman dilemma, which can be applied to truck routing and how to optimise both the routes and the vehicles. The difficulty is that travelling salesman situations like these increase in complexity by an order of magnitude! (n) factorial Routing issues get more restricted and complex with each additional variable (vehicle, route, driver, etc.). A travelling salesman issue with 10 stops, for example, yields 3,628,800 route possibilities; 40 stops yield roughly 40! = 815,915,283,200,000,000,000,000,000,000,000,000,000,000,000,000 options. Routing numerous trucks and goods becomes much more difficult. The weight and scale of a huge set of possibilities would be too much for a traditional computer. This is where quantum computers offer to step in and swiftly provide choices for you to pick from in order to make the optimal decision depending on your goals.
In partnership with AWS, BMW Group introduces the “Quantum Computing Challenge” to crowdsource ideas
Starting today, researchers, start-ups, and pioneering enterprises from the worldwide quantum computing community can submit ideas to the BMW Group Quantum Computing Challenge for particular industrial issues. The Challenge, which is run in conjunction with Amazon Web Services, Inc. (AWS), invites contestants to create new quantum algorithms and test their ideas on genuine quantum computing technology. Quantum computing has the potential to handle difficult challenges in the automobile industry such as sophisticated optimization, materials research, and – in the form of quantum machine learning – autonomous driving in the future.
The Quantum Decade – A report by IBM Institute for Business Value
The Quantum Decade, the most major computer revolution in 60 years, has begun. What impact will quantum computing have on the way you do business? Download the IBM Institute for Business Value study. Learn how to be quantum-ready—and how this cutting-edge technology may help you and your business thrive when quantum computers become available. Because that moment is approaching faster than you think.
https://www.ibm.com/thought-leadership/institute-business-value/report/quantum-decade
Video of the week:
Quantum Computing! See Google, IBM and Intel’s Labs (supercut)
Researchers from IBM, Google, and Intel describe the present state of quantum computing and how the nascent technology is progressing in their laboratories.