Dear Friends,
Greetings of the day! Welcome to the 14th edition of weekly newsletter by OneQuantum India.
We have announced our monthly event themed on “What’s new at intersection of Quantum & FinTech” on 27th August. We are grateful to our speakers Dr. Jai Ganesh and Sudin Baraokar for sharing insights on how Quantum is and would be disrupting the FinTech. We are thankful to Shashi Kumar Ravulapaty, Vaibhav Tambe and Sameer Aggarwal for joining the panel discussion and generating interesting insights. The event was attended by 78 participants from 9 countries. The recording of the event is shared in the video of the week section of this newsletter.
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.
Stay Safe,
Regards,
Chintan Oza
President India Region, OneQuantum
https://www.linkedin.com/in/chintanoza
QSim – Quantum Computer Simulator Toolkit launched in India
On 27th August, Shri Rajeev Chandrasekhar, Minister of State for Electronics and Information Technology, inaugurated QSim – Quantum Computer Simulator Toolkit, which would allow researchers and students to conduct cost-effective quantum computing research. The project "Design and Development of Quantum Computer Toolkit (Simulator, Workbench) and Capacity Building" resulted in QSim.
This is one of the country's first efforts addressing the shared problem of expanding the Quantum Computing research frontiers in India. This project is being carried out cooperatively by IISc Bangalore, IIT Roorkee, and C-DAC, with the assistance of the Government of India's Ministry of Electronics and Information Technology (MeitY).
The toolset, QSim, enables researchers and students to build and debug Quantum Code, which is required for creating Quantum Algorithms. Quantum systems are extremely sensitive to environmental disturbances; even required controls and observations disrupt them. The existing and forthcoming Quantum devices are loud, and ways to reduce the ambient error rate are being researched vigorously. QSim enables researchers to investigate Quantum Algorithms under idealized settings and aid in the preparation of experiments for execution on genuine Quantum Hardware.
QSim may be an essential teaching / research tool, offering an ideal method to attract students / researchers to the subject of Quantum Technology as well as a platform to learn the skills of ‘programming' and ‘designing' genuine Quantum Hardware.
Quantum Machine Learning enters Gartner Hype Cycle of Emerging Technologies 2021
Gartner has recently published the hype cycle for emerging technologies for 2021. The good news is that Quantum Machine learning has been plotted in the innovation trigger phase. We believe that Quantum Machine Learning would at least take 5 to 8 years to be market ready. So, we would hear more on the research, use cases and breakthrough in next one thousand days. Apart from Quantum ML, other emerging technologies that fall under accelerating growth include multi-experience and industry cloud.
Paytm and MeitY Startup Hub will create a program to promote deep-tech businesses
The MeitY Startup Hub (MSH), a Ministry of Electronics and IT (MeitY) program, has signed a Memorandum of Understanding with Paytm, MSH and Paytm. According to a news release, the goal of this cooperation is to expand deep-tech businesses by giving access to a platform, knowledge series, experts, resources, and a wider network of stakeholders. The cooperation also focuses on building collaborations with incubators, accelerators, and investors, as well as providing an early-stage startup toolset to tackle payments, distribution, and growth problems. MSH and Paytm's collaborative efforts aim to create a vibrant ecosystem for SAAS, and app-based startups built on deep-tech platform technologies such as Artificial Intelligence, Machine Learning, Quantum Computing, Cloud computing, and so on, by providing mentoring, technological assistance, and go-to-market strategies.
CMC Microsystems' Plan to Accelerate High-Tech Manufacturing in Canada Highlights Quantum Computing Technologies
CMC Microsystems (CMC) has together 14 project founders from business, academia, and non-profit technology research groups to back a five-year, $700 million effort to accelerate high-tech manufacturing in Canada. The program, called FABrIC (Fabrication of Integrated Components for the Internet's Edge), is expected to attract $480 million in industry R&D. The plan also outlines how $100 million was produced as income, donated by provinces, or utilized as matching money during the project. This application has been filed for a $120 million investment to the Government of Canada's Strategic Innovation Fund (SIF), which is administered by Innovation, Science and Economic Development Canada (ISED).
https://finance.yahoo.com/news/quantum-computing-technologies-highlight-cmc-183100368.html
The Patent System of the United States and Quantum Cryptography: An Uneasy Partnership
Quantum computing is gaining popularity as a modern technology with potentially far-reaching and hazardous uses in the United States and throughout the world. However, certain implementations of the technology have yet to pass theoretical muster. In other words, the argument for quantum advantage cannot be established using existing mathematical techniques. However, several applications, such as quantum decryption, have been concretely sketched out on a theoretical level and are currently merely constrained by “engineering limitations” (i.e., implementation details). Once disruptive innovations have reached the implementation stage, investors, regulators, and industry participants can better forecast its direction and timetable. And, to various degrees, they have an idea of the market's size. However, it can be even more difficult to predict how the legal landscape for such technologies will evolve, or if and to what degree the legal benefits and restrictions would promote a large or restricted landscape of economically viable rivals. Some think that, in the United States, quantum computing will be a robust and essential technical business, comparable to what digital computing is.
This Company created a Glass CPU for Quantum Computing
If you've heard of quantum computing, you're aware that the CPU is often composed of silicon. However, a new technique has been developed that will employ glass in place of this substance, and the results are astounding. IonQ, a Maryland-based firm, produced this finding. It is associated with Duke University and its Duke Quantum Center. Their team of researchers and scientists created a glass-based trapped-ion computer chip. This material will employ designs that will render silicon obsolete. Jason Amini, the team's leader, has worked on the evaporated glass technique at IonQ. “The goal of an ion trap is to [1] move ions about with accuracy, [2] keep them in the environment, and [3] get out of the way of the quantum operation,” he adds.
https://wonderfulengineering.com/this-company-has-developed-a-glass-cpu-for-quantum-computing/
Video of the week:
What’s new at intersection of Quantum & FinTech
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 modelling 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. The event was held on 27th August 2021.
We are grateful to our speakers Dr. Jai Ganesh and Sudin Baraokar. We are thankful to our panelists Shashi Kumar Ravulapaty, Vaibhav Tambe and Sameer Aggarwal. We are thankful to Rupesh Srivastava, President Argentina region at OneQuantum for attending and encouraging us. We are thankful to Lorraine Majiri, President of Zimbabwe region at OneQuantum for attending and extending vote of thanks.