Latest Quantum Industry & Ecosystem News
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Sep- 2023 -29 SeptemberSecurity & PQC News
New Coalition Launched to Tackle Post-Quantum Cryptography
The MITRE Corporation has announced the formation of the Post-Quantum Cryptography Coalition, a collaborative effort to address the imminent threats posed by quantum computing to current cryptographic systems. The coalition aims to accelerate the development and adoption of quantum-resistant cryptographic solutions, ensuring the security and privacy of data against future quantum attacks. Quantum computers, once fully developed, will have the…
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Feb- 2023 -24 FebruaryResearch News
Google Claims Breakthrough in Quantum Error Correction
Google has announced a significant advancement in correcting errors inherent in today’s quantum computers, a crucial step toward overcoming the most challenging technical barrier in developing this revolutionary technology. The findings were published in the journal Nature. Quantum computers face difficulties in producing useful results because qubits, the fundamental units of quantum information, maintain their quantum states for only a…
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Dec- 2022 -15 DecemberSecurity & PQC News
2022 Quantum Threat Timeline Report Published
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…
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Nov- 2022 -30 NovemberIndustry & Ecosystem News
IBM Osprey: A 433-Qubit Quantum Leap
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…
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Oct- 2022 -27 OctoberIndustry & Ecosystem News
Switzerland and United States Forge Quantum Cooperation
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…
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Aug- 2022 -9 AugustIndustry & Ecosystem News
D-Wave Goes Public on the NYSE
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…
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Jun- 2022 -3 JuneIndustry & Ecosystem News
Xanadu’s Photonic Quantum Computer Achieves Advantage
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…
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May- 2022 -31 MayIndustry & Ecosystem News
Swiss Government Unveils CHF 80 Million Quantum Initiative
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),…
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Apr- 2022 -29 AprilIndustry & Ecosystem News
Record-Breaking Quantum Transmission Via Micius
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.…
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Jan- 2022 -25 JanuaryIndustry & Ecosystem News
Swiss Startup Terra Quantum Lands $60 Million Funding
Zurich-based startup Terra Quantum raised a hefty $60 million in Series A financing to build out its “quantum-as-a-service” platform. Announced in January 2022, this was one of Europe’s largest quantum tech funding rounds at the time. Terra Quantum offers a hybrid quantum computing platform - combining classical computing power with quantum algorithms - and is even developing its own quantum hardware. The…
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Nov- 2021 -30 NovemberIndustry & Ecosystem News
IBM Eagle: The First 100+ Qubit Quantum Processor
IBM has announced Eagle, a 127-qubit superconducting quantum processor – the world’s first quantum chip to surpass 100 qubits. Unveiled at the IBM Quantum Summit in late 2021, Eagle marks a major milestone in quantum computing, nearly doubling the qubit count of IBM’s previous 65-qubit “Hummingbird” processor and overtaking the scale of rival devices like Google’s 53-qubit Sycamore. IBM’s researchers…
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Jul- 2021 -9 JulyIndustry & Ecosystem News
Zurich Instruments Acquired to Boost Quantum Industry
A major corporate development in July 2021 saw German tech group Rohde & Schwarz acquire Zurich Instruments, a Swiss test & measurement firm known for its quantum control electronics. Zurich Instruments, a spin-off from ETH Zurich, had become a leader in specialized instrumentation for quantum labs (like quantum computer control systems). The deal, completed on July 1, 2021, makes Zurich Instruments…
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Jun- 2021 -30 JuneIndustry & Ecosystem News
Zuchongzhi 2.0: China’s Superconducting Quantum Leap
A team of Chinese physicists has unveiled Zuchongzhi 2.0, a cutting-edge 66-qubit superconducting quantum computing prototype that pushes the frontiers of computational power. Announced by the CAS Center for Excellence in Quantum Information, this new quantum machine builds on its predecessor (Zuchongzhi 1.0) with more qubits and higher fidelity, achieving a milestone known as quantum computational advantage (or “quantum supremacy”)…
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May- 2021 -30 MayIndustry & Ecosystem News
Zuchongzhi 1.0: China’s New Superconducting Processor
In May 2021, scientists at the Chinese Academy of Sciences (CAS) unveiled Zuchongzhi 1.0, a 62-qubit programmable superconducting quantum computer that set a new benchmark in the quantum computing race. Named after a 5th-century Chinese mathematician, Zuchongzhi 1.0 contains the largest number of superconducting qubits ever assembled in a single processor so far.
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11 MayIndustry & Ecosystem News
ETH Zurich and PSI Launch Joint Quantum Computing Hub
May 2021 - ETH Zurich and the Paul Scherrer Institute (PSI) opened a new joint Quantum Computing Hub dedicated to developing next-generation quantum computers. Backed by CHF 32 million from ETH, the center in canton Aargau brings together about 30 researchers under one roof. Uniquely, it houses two leading quantum hardware approaches side by side: superconducting circuits and trapped-ion technologies.…
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