Latest news with #IBMQuantumSystemOne
Yahoo
19-04-2025
- Business
- Yahoo
Big Tech has officially entered its quantum era — here's what it means for the industry
International companies and organizations see 2025 as a tipping point for quantum technology. Major advancements are afoot as the industry navigates the "International Year of Quantum." Here's some of the biggest quantum news so far this year— and things to keep an eye on. The era of quantum is officially upon us, and if you're not immersed in the world of emerging tech, you may have missed the memo. The burgeoning field leverages quantum mechanics to solve complex problems faster than classical computers. It promises breakthroughs that could revolutionize fields from medicine to data privacy and is attracting major investments from world governments, tech giants, and equity firms seeking to capitalize on that potential. While the announcements of advanced quantum chips from the biggest of Big Tech players may have briefly broken through the news of the escalating trade war, alarming aviation accidents, and increasing political unrest, there's so much more to know about what's gone down in the industry so far in 2025, which the United Nations has dubbed the "International Year of Quantum." Here's some of the biggest quantum news so far this year — and things to keep an eye on. Skepticism is fading about whether the quantum industry can achieve all that it promises, and major discussions have now turned to the timeline to get there. According to research by Boston Consulting Group, the quantum industry attracted $1.2 billion from venture capitalists in 2023 despite a 50% drop in overall tech investments that year. BCG projects that quantum computing will create between $450 billion and $850 billion of economic value globally and sustain a $90-$170 billion market for hardware and software providers by 2040. The Big Tech players are all investing heavily in quantum advancement, hoping to catch up with IBM — a longtime frontrunner in the field, with several different prototype chips and its circuit-based commercial quantum computer, IBM Quantum System One, which was unveiled in January 2019. Amazon announced its Ocelot chip in February. The company says it represents a breakthrough in error correction and scalability, two key issues that have long slowed advancement in the field. Its announcement came just a week after Microsoft debuted its Majorana chip and only a few months after Google's Willow chip hit the scene in December. Nvidia is also aiming to get in on the action. This year, the company announced at GTC that it is developing a new quantum research lab in Boston. The Defense Advanced Research Projects Agency, the Department of Defense's research and development agency, has expanded its Quantum Benchmarking Initiative this year in an attempt to achieve utility-scale operation by 2033. DARPA in early April announced it had chosen 18 companies to test and advance various technologies for creating qubits — the building block for quantum computers — including superconducting qubits, trapped ion qubits, and other novel approaches. Microsoft and PsiQuantum have already advanced to the third and final phase of DARPA's quantum initiative. IBM, IonQ, and Rigetti Computing are among the newest companies joining the QBI. IBM plans to debut the world's first quantum-centric supercomputer this year. This new system will use the modular IBM Quantum System Two architecture, which is designed to be scalable and upgradeable. It is expected to feature over 4,000 qubits and aims to break existing records in the field, eventually surpassing the size of the largest quantum computer by more than threefold. IBM CEO Arvind Krishna told Time in March that "something remarkable" is on the horizon for quantum technology and that the company has positioned itself to create the next generation of foundational technology through advancements in quantum. While we're on the cusp of a quantum revolution, cybersecurity professionals have previously warned Business Insider that the tech comes with its own risks. It's not just basic data privacy or the chance of personal financial details becoming public. From national security secrets to the blockchain and beyond, all encrypted data will be readily accessible and, more worryingly, manipulatable by anyone with a fully fault-tolerant and quantum-capable system. Karl Holmqvist has served as a quantum security advisor to major government bodies, including the Department of Defense and NATO. He is the CEO of Lastwall, which provides cybersecurity solutions designed to protect users from quantum computing threats. "When you start peeling back the layers, it's like anything that's internet-connected will likely have problems," Holmqvist previously told BI. "A lot of the time, we trust that the links between systems are secure and the data that's gone between them is secure, and there's no way to get into those that they're encrypted. If you take away that default assumption, it allows so many new entry points into systems that it becomes quite concerning." LinkedIn shows that the salary bands for jobs in quantum computing range from $150,000 on the low end to well past $500,000 a year, depending on the role and company. Hiring managers are paying attention. Yaad Oren, a managing director at SAP Labs, one of the world's biggest software companies, previously told Business Insider that recruiters in the field look for curiosity more than anything else. "Of course, we need expertise — and quantum is a very deep science and practice that requires a lot of knowledge — but if you follow the industry, you see there are also many disruptions going with quantum," Oren said. "We're definitely looking for change agents and curiosity is needed because, I mean, the industry is not sure at all that the current quantum technology we have now will be the winning architecture." He added: "It's like building a building from the ground floor." Read the original article on Business Insider
Yahoo
14-03-2025
- Business
- Yahoo
IBM, Basque Government to install IBM Quantum System Two in Spain
The Basque Government, and IBM (IBM) announced plans to install Europe's first IBM Quantum System Two at the IBM-Euskadi Quantum Computational Center on Ikerbasque Foundation's main campus in San Sebastian, Spain. The deployment builds on the organizations' partnership, which began in 2023 as part of the BasQ initiative to further establish the Basque Country as a leading technology hub. Since the initial announcement, the parties have agreed to update the original plan to install an IBM Quantum System One, to now deploy IBM's most advanced modular quantum computer, IBM Quantum System Two, which is expected to be complete by the end of 2025. BasQ's IBM Quantum System Two, to be managed by IBM, will be powered by an IBM Quantum Heron. 'With this scientific infrastructure, the Basque Country will be positioned as a global reference hub in quantum computing. This technology will help progress in the digital transformation and provide us with a state-of-the-art scientific infrastructure that will strengthen the scientific, technological and innovation ecosystem that must facilitate this transformation. The IBM Quantum System Two will be a key tool for the Basque Network for Science, Technology and Innovation to generate cutting-edge knowledge in the Basque Country, to implement highly specialized higher education programs at our universities, and to be prepared for the impact of quantum computing in the coming years by both the Basque public sector and the industry. The arrival of this computer will be a great opportunity for the Basque Country's economic and social development and will enable us to cooperate with other regions, countries and actors in the development and impact of this technology,' said the President of the Basque Country Government, Imanol Pradales. Easily identify stocks' risks and opportunities. Discover stocks' market position with detailed competitor analyses. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on IBM: Questions or Comments about the article? Write to editor@ D-Wave Declares Quantum Breakthrough, But Is It Really Ahead of the Competition? Bank of America Analyst Sees Apple and IBM as 'Defensive' Picks amid Market Turmoil IBM Updates Revenue Reporting Categories for 2025 Dow Jones Drops as the U.S. Trade War Escalates U.S. Supreme Court refused to revive $1.6B award against IBM, Bloomberg says
Yahoo
13-03-2025
- Business
- Yahoo
IBM and Basque Government announce plan to install Europe's first IBM Quantum System Two at the IBM-Euskadi Quantum Computational Center in Spain
IBM Quantum System Two to be powered by a utility-scale 156-qubit IBM Quantum Heron processor. Installation of IBM Quantum System Two at the IBM-Euskadi Quantum Computational Center expected to be completed by the end of 2025. Members of the IBM-Euskadi Quantum Computational Center intend to use IBM's most performant architecture to advance discovery and solutions in physics, information science, and materials science. YORKTOWN HEIGHTS, N.Y., March 13, 2025 /CNW/ -- The Basque Government, and IBM (NYSE: IBM) today announced plans to install Europe's first IBM Quantum System Two at the IBM-Euskadi Quantum Computational Center on Ikerbasque Foundation's main campus in San Sebastian, Spain (Gipuzkoa, Spain). The deployment builds on the organizations' partnership, which began in 2023 as part of the BasQ initiative to further establish the Basque Country as a leading technology hub. Since the initial announcement, the parties have agreed to update the original plan to install an IBM Quantum System One, to now deploy IBM's most advanced modular quantum computer, IBM Quantum System Two, which is expected to be complete by the end of 2025. BasQ's IBM Quantum System Two, to be managed by IBM, will be powered by an IBM Quantum Heron, the company's most performant quantum processor to date, engineered to expand to multiple processors in the future. IBM Heron is capable of executing utility-scale algorithms beyond the capabilities of brute-force, classical simulation methods, including leveraging Qiskit software to accurately run certain classes of quantum circuits with up to 5,000 two-qubit gate operations. This installation dedicated to Spain's quantum innovators across academia, research labs, and industries represents IBM's continued effort to expand Europe's quantum ecosystem. Members of the IBM-Euskadi Quantum Computational Center will have access to these capabilities and resources to help build a quantum workforce, promote economic development, and develop new, useful algorithms to, in turn, help accomplish the Basque Country Government's IKUR 2030 vision for quantum technologies. These efforts in algorithm development would be directly applied toward accomplishing IKUR 2030 goals, such as research into modeling new materials, research into how quantum computing can be used as part of the initiative's broader sustainability efforts. "With this scientific infrastructure, the Basque Country will be positioned as a global reference hub in quantum computing. This technology will help progress in the digital transformation and provide us with a state-of-the-art scientific infrastructure that will strengthen the scientific, technological and innovation ecosystem that must facilitate this transformation. The IBM Quantum System Two will be a key tool for the Basque Network for Science, Technology and Innovation to generate cutting-edge knowledge in the Basque Country, to implement highly specialized higher education programs at our universities, and to be prepared for the impact of quantum computing in the coming years by both the Basque public sector and the industry. The arrival of this computer will be a great opportunity for the Basque Country's economic and social development and will enable us to cooperate with other regions, countries and actors in the development and impact of this technology," said the President of the Basque Country Government, Mr. Imanol Pradales. "The IBM-Euskadi Quantum Computational Center's dedicated IBM Quantum System Two will give Spain's quantum community of researchers, developers, and industry experts unparalleled access to our most performant, most advanced quantum technologies—including the tools to develop algorithms that will help drive the entire quantum ecosystem toward achieving a quantum advantage within the next two years," said Jay Gambetta, Vice President, IBM Quantum. About the IBM-Euskadi Quantum Computational Center The IBM-Euskadi Quantum Computational Center was announced in 2023 to promote the use of advanced technology across all the Basque Country Government and the General Deputations (Araba, Bizkaia and Gipuzkoa), further elevating research institutions by expanding international research collaborations, performing world-class fundamental scientific research, and increasing the quantum-trained talent in the region. The center will provide computational infrastructure for researchers from the Basque Government and its partners to help researchers meet these goals. IBM and the Basque Government are also collaborating to develop workforce programs aimed at building and establishing world-class talent in the Basque Country and across Spain. The IBM-Euskadi Quantum Computational Center programs are driving internal and external awareness, education, and skill building through the development of immersive and integrated learning programs. About IBM IBM is a leading global hybrid cloud and AI, and business services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM's legendary commitment to trust, transparency, responsibility, inclusivity and service. For more information, visit About Ikerbasque In 2007, The Basque Government created Ikerbasque to reinforce the Basque scientific system through the attraction, recovery and retention of researchers from all around the world. The Basque Foundation for Science is a consolidated organization with 373 researchers from 35 different countries, from all fields of knowledge, and currently working in 25 partner institutions. *L-R: Horacio Morell, IBM Spain, Portugal, Greece, Israel General Manager; Jay Gambetta, Vice President, IBM Quantum; Mr. Imanol Pradales, President of the Basque Country Government; Eider Mendoza, General Deputy of Gipuzkoa. Media Contacts: Chris NayIBM Research Communicationscnay@ Paola Ortega HernándezIBM Brand, Social and Communications LeaderSpain, Portugal, Greece and View original content to download multimedia: SOURCE IBM View original content to download multimedia: Sign in to access your portfolio
