Greetings of the day! Welcome to the 13th edition of weekly newsletter by OneQuantum India.
We have announced our monthly event. The theme of the event is “What’s new at intersection of Quantum & FinTech”. A recent research report concluded that Quantum computers and related services in Fintech will be worth $450 million by 2026. Several of the world's top banks and financial institutions are already exploring the benefits of the quantum computing technology and exploring various use cases. Right from modeling of financial data to high frequency trading to pricing of complex derivatives to fraud prevention...there are multiple use cases which are being explored by the thought leaders in the fintech domain. It is our pleasure to welcome Sudin Baraokar & Dr. Jai Ganesh as our esteemed speakers. We would have panel discussion and after event networking! The event is complimentary, but registration is essential. Please act now and register your slot.
Please mark October 18–22 in your calendar. It is IEEE #Quantum Week 2021 where you can hear our Chairman André M. König from OneQuantum & Denise Ruffner from IonQ speak about diversity in Quantum Computing. Find all the information about the Tech event here:
I continue to meet various professionals / founders / academia / government officials from the Quantum Community and look forward to set up a one-on-one interaction with you soon.
President India Region, OneQuantum
Introduction to Quantum Computing: Quantum Algorithms and Qiskit, a collaborative IIT Chennai-IBM curriculum, began today.
More information on this course: https://onlinecourses.nptel.ac.in/noc21_cs103/preview
Abu Dhabi welcomes its first Quantum Computer
Tech Innovation Institute in Abu Dhabi has begun work on a Middle East's first quantum computer, which is being developed by physicists. Aluminum manufactured in Abu Dhabi by Emirates Global Aluminum for the quantum chip did not need to go as far as the site was installation was in the vicinity. It is only the beginning of a much longer-term goal, according to Professor Jose Ignacio Latorre, chief of research at the Quantum Research Centre, one of seven labs located under TII. He views it as vital to national security and economic prosperity. Abu Dhabi's research will focus on applications such as quantum algorithms for artificial intelligence and drug development, a new generation of navigation devices, and cryptography that will make data safer in a post-quantum world after those quantum activities are underway. At the same time that Prof Latorre is marshalling his team of 26 – a multinational group that includes Emirati, Chinese, Spanish, Italian, and Portuguese members – to build out a laboratory, he is engaging the UAE's private sector as well as universities with doctoral candidates in the field to identify ways they will collaborate.
Quantum computing has enormous potential in healthcare domain
Quantum computing has great promise in healthcare and has already begun to have an influence on the sector in a variety of ways. For example, quantum computing enables the tracking and diagnosis of illness. Quantum technology, via the use of sensors, can follow the success of cancer therapies as well as detect and monitor degenerative illnesses such as multiple sclerosis.
The UK regulator has slammed Nvidia's $40 billion acquisition of ARM & the semiconductor industry is concerned
ARM is a key participant in the worldwide semiconductor industry, which is critical to technologies ranging from artificial intelligence and quantum computing to 5G telecom networks. The deal had sparked anger in the semi-conductor industry. Chipmakers are concerned that Nvidia would have early access to Arm's breakthroughs rather than spreading them to the whole industry on an equal footing. The planned $40 billion acquisition of British chip manufacturer ARM by Nvidia Corp struck a significant stumbling block on Friday when a UK regulator concluded it may harm competition and weaken rivals, necessitating a further long probe. The purchase for Britain's most significant technological firm by the world's largest producer of graphics and AI processors, struck in September last year, provoked a rapid outcry from politicians, rivals, and consumers. It has also become politically contentious in the United Kingdom, with critics claiming that a surge in economic nationalism and a greater understanding of the importance of owning vital infrastructure means ARM, which has been owned by Japan's SoftBank since 2016, should not be sold again. Would recent developments create shortage of semiconductor components to the industry? Would it delay rollout of new innovations? Let’s hope the best…
Company from the Duality Cohort 1 Super.tech Introduces the New SuperstaQ Platform
Super.tech, a participant in the inaugural cohort of the quantum tech startup accelerator Duality, has announced the introduction of a software platform that aims to commercialize quantum computing years sooner than would otherwise be feasible. The SuperstaQ platform links applications to IBM Quantum, IonQ, and Rigetti quantum computers and optimizes software throughout the system stack to improve the performance of the underlying quantum computers.
Moore's Law Re-evaluated Through Chip Density
Rockefeller University researchers have given fresh insight on Moore's Law, probably the world's most famous technical forecast, that chip density, or the number of components on an integrated circuit, will double every two years. The research exposes a more complex historical wave pattern to the increase of transistor density in silicon chips, which allows computers and other high-tech gadgets to become quicker and more powerful. According to writers Jesse Ausubel and David Burg of The Rockefeller University's Program for the Human Environment (PHE), each six-year growth wave episode was followed by roughly three years of minimal growth. According to them, the next development surge in transistor shrinking and processing performance is now overdue. The computer industry's ongoing expansion will be dependent on tiny technologies such as nano-transistors, single-atom transistors, and quantum computing. And it will be drawn by demand for data-hungry artificial intelligence technology such as face recognition, 5G cellular networks and equipment, self-driving vehicles, and other high-tech advances.
Quantum Computing: A Beginner's Guide
Quantum computing has a slew of distinct terminology that might be confusing to newcomers. There are several terminology and phrases used in quantum computing that this page explains:
Video of the week
Quantum Computing Applications for Financial Services
To discover currency arbitrage possibilities, conduct feature selection in credit rating, and optimize trading trajectories, many quantum algorithms have been developed. Hybrid approaches have been investigated in order to circumvent the problem's size restrictions, taking into account the number of qubits and connection in the Chimera design in D-Wave processors.