Quantum Industry News – PostQuantum – Marin Ivezic

A new, interesting, report was just published by the Hudson institute - "Prosperity at Risk: The Quantum Computer Threat to the US Financial System," authored by Alexander W. Butler and Arthur Herman of the Quantum Alliance Initiative at the Hudson Institute. This comprehensive study explores potential threats posed by quantum computing to the U.S. financial system, emphasizing the urgent need ...

Feb 2023 - Quantum computers hold the promise of tackling problems beyond the reach of classical machines, but they are notoriously fragile. Even tiny disturbances can introduce errors into quantum computations. To build a fault-tolerant quantum computer - one that can reliably run long computations - scientists have to keep these errors in check. Google’s Quantum AI team just reported ...

Researchers from the University of Copenhagen and Ruhr University Bochum have made a significant breakthrough in quantum technology by achieving controlled interaction between two quantum light sources, or quantum emitters, embedded in a nanophotonic waveguide. This development, reported in Science, is a foundational step toward building scalable quantum computers and enhancing quantum communication systems. In simple terms, quantum emitters are ...

In January 2023, the Government of Canada formally unveiled its National Quantum Strategy, a comprehensive plan backed by a federal investment of $360 million. Announced in Waterloo, Ontario by Innovation Minister François-Philippe Champagne, the strategy is designed to amplify Canada’s strengths in quantum research, grow quantum talent, and accelerate commercialization of quantum technologies. It defines three core missions - quantum computing, ...

On December 21, 2022, President Joe Biden officially signed H.R.7535, known as the Quantum Computing Cybersecurity Preparedness Act, into law. This legislation urges federal agencies to upgrade their technologies to defend against potential quantum computing threats. The act is a crucial step in the United States' strategy to enhance its cybersecurity infrastructure in anticipation of advancements in quantum computing, which ...

The "2022 Quantum Threat Timeline Report" by the Global Risk Institute, authored by Dr. Michele Mosca and Dr. Marco Piani from evolutionQ Inc. was just published. This report provides analysis of the quantum threat landscape and tries to predict the arrival of the Q-Day by polling a number of global quantum computing experts. The report emphasizes the urgent need for ...

IBM has announced Osprey, a superconducting quantum processor with a record-breaking 433 qubits – by far the largest of its kind as of its 2022 debut. Revealed at the IBM Quantum Summit in November 2022, Osprey more than triples the qubit count of IBM’s previous 127-qubit Eagle chip​. IBM says this new processor “brings us a step closer to the ...

November 20, 2022 - The White House Office of Management and Budget (OMB) has issued a new memorandum that could reshape federal cybersecurity for the coming quantum era. OMB Memorandum M-23-02, titled "Migrating to Post-Quantum Cryptography," was released on November 18, 2022 and directs U.S. federal agencies to begin the urgent process of preparing their systems for post-quantum cryptography (PQC) ...

In October 2022, Switzerland and the U.S. signed a Joint Statement on Cooperation in Quantum Information Science and Technology, pledging to deepen collaboration between the countries’ researchers and institutions. The agreement, signed in Washington D.C. by Switzerland’s State Secretary for Education, Research and Innovation and a U.S. State Department official, outlines plans for joint research projects, exchanges, and sharing of ...

The European Union Agency for Cybersecurity (ENISA) has released a report titled "Post-Quantum Cryptography - Integration Study," offering a comprehensive look at the challenges and necessities of integrating post-quantum cryptographic systems. This publication follows ENISA's 2021 study on the current state of post-quantum cryptography and aims to provide a clearer understanding of the post-standardization landscape. The report highlights the critical ...

The U.S. National Security Agency (NSA) has officially announced the release of the Commercial National Security Algorithm Suite 2.0 (CNSA 2.0), a new set of cryptographic standards designed to protect sensitive systems against future quantum-enabled cyber threats. The NSA’s cybersecurity advisory notifies National Security System (NSS) owners, operators, and vendors of the quantum-resistant (QR) algorithms that will replace current legacy ...

25 Aug 2022 - Seven months ago, three teams simultaneously proved that silicon spin qubits could operate above the fault-tolerance threshold — the quality of individual gates good enough, in principle, for error correction to work. That was the prerequisite. Now comes the thing itself. Two independent groups have demonstrated quantum error correction in semiconductor spin qubits for the first ...

President Joe Biden signed the CHIPS and Science Act (H.R. 4346, Public Law 117-167) into law on August 9, 2022 - a historic $280 billion package aimed at boosting U.S. high-tech manufacturing and research. While best known for providing $52 billion to revitalize domestic semiconductor fabrication, the law also authorizes roughly $200 billion for scientific R&D across key fields like AI, robotics, and ...

D-Wave achieved a significant corporate milestone by listing on the New York Stock Exchange under the ticker “QBTS”. The public debut came via a merger with a SPAC (special-purpose acquisition company) and made D-Wave one of only three quantum computing companies in the world to have publicly traded stock at the time. On its first day, D-Wave’s shares jumped nearly ...

Toronto-based startup Xanadu shook the quantum world by announcing that its Borealis photonic quantum computer had achieved quantum computational advantage - completing a specialized task exponentially faster than any classical supercomputer could. In a Nature-paper and accompanying demo, Borealis took on the Gaussian boson sampling challenge (a complex photonic calculation) and generated results in only 36 microseconds, a feat estimated ...

The Swiss Federal Council approved a National Quantum Initiative in 2022, committing roughly CHF 80 million to quantum science and technology over 2023-2028. This marked Switzerland’s first centralized quantum tech program, aiming to unify and amplify efforts across research institutions and industry. The funds will support new R&D projects, professorships, and infrastructure in areas like quantum computing, communications (quantum cryptography), ...

On May 4, 2022, the White House issued a significant policy directive through the "National Security Memorandum on Promoting United States Leadership in Quantum Computing While Mitigating Risks to Vulnerable Cryptographic Systems" or NSM-10. The memorandum highlights the urgency of developing quantum-resistant cryptographic systems to protect against potential threats posed by quantum computers, which could compromise current cryptographic defenses. This ...

A team of Chinese physicists has achieved a landmark advance in quantum communication, successfully teleporting quantum states between two ground stations 1,200 kilometers apart via Micius satellite​. The experiment, led by Pan Jianwei of the University of Science and Technology of China, marks the longest-distance quantum teleportation ever demonstrated, shattering previous records that were limited to tens or hundreds of kilometers ...