Latest news with #QuNorth
Yomiuri Shimbun
30-07-2025
- Business
- Yomiuri Shimbun
Denmark Aims to Host Most Powerful Quantum Computer
STOCKHOLM/COPENHAGEN (Reuters) — The Novo Nordisk Foundation and Denmark's state-owned credit fund said on July 17 they will invest in what they say will be the world's most powerful quantum computer, aiming to revolutionize areas such as drug discovery and materials science. Quantum computing holds the promise of carrying out calculations that would take today's systems millions of years and could unlock discoveries in medicine, chemistry and many other fields where near-infinite seas of possible combinations of molecules confound classical computers. The Novo Nordisk Foundation, the non-profit which controls pharmaceutical giant Novo Nordisk, and Denmark's Export and Investment Fund, said in a statement they would invest €80 million ($92.93 million) in the initiative called QuNorth. Microsoft, which has its largest quantum lab in Denmark, will provide software and Atom Computing will build the quantum computer. The computer will be named Magne, inspired by Norse mythology where Magne, the son of Thor, is known for his immense strength. Construction will begin in autumn and the computer is expected to be ready by the end of next year. The quantum computer will start operating with 50 logical qubits, Jason Zander, Microsoft's executive vice president, told Reuters. A qubit, short for quantum bit, is the basic unit of information in a quantum computer and a logical qubit is a virtual qubit built from many physical qubits to reliably process quantum information. Last November, Microsoft and Atom created 24 logical qubits, the highest number ever created. 'When we get to about 50 logical qubits, that's when we start hitting true quantum advantage,' Zander said. 'I get to the point where I can run something on a quantum computer that I could not run on a classic computer.' 'When the machine gets up to 100 [logical qubits], we can start doing science problems, get up to a couple 100s, we can start doing some chemistry and starting to answer things, and then when all the way up to 1,000, now you are solving everything,' Zander said.
Business Insider
18-07-2025
- Business
- Business Insider
Microsoft and Atom Computing Land $93 Million Deal to Build Quantum Computer in Denmark
Denmark is investing €80 million, or about $93 million, to build one of the world's most powerful commercial quantum computers. The project is a joint effort between the Novo Nordisk Foundation and the Export and Investment Fund of Denmark. Both are backing the launch of a new Copenhagen-based company called QuNorth, which will operate the system. Each partner is contributing €40 million. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. The quantum computer, named 'Magne,' will be delivered through a collaboration between Microsoft Corporation (MSFT) and Atom Computing, a U.S. startup that develops quantum hardware using neutral atoms. The company recently opened its European headquarters in Copenhagen. Magne targets Nordic pharma, chemicals, finance, and logistics Magne is expected to become operational in early 2027. The system will be based on logical qubits, which are more stable and error-resistant than today's physical qubits. This puts Magne in the category of Level 2 quantum computers, a benchmark for performance and commercial readiness. Microsoft will supply the software stack and error correction layer through its recently announced Microsoft Discovery platform. The company has also expanded its quantum research facilities in Denmark in recent years, reinforcing its presence in the region. QuNorth's mission is to give researchers and businesses in the Nordic region priority access to Magne. Target industries include pharmaceuticals, chemicals, logistics, and finance. The computer is expected to support innovation in drug discovery, materials science, and complex industrial processes. Construction of the system is set to begin in late 2025. A Nordic quantum summit is planned for the fall of that year, where QuNorth will present its commercial and academic access programs. The investment gives Denmark full ownership of the system. For Microsoft Corporation, this strengthens its foothold in the European quantum market. For Atom Computing, it is a chance to prove its hardware can scale to commercial workloads. The Nordic region gains early access to a rare and advanced technology. Using TipRanks' Comparison Tool, we've brought together some of the most prominent stocks in the quantum space to see how they stack up. It's a quick way for investors to get a clearer view of each company's position, and a better sense of where the industry is headed overall.
Yahoo
17-07-2025
- Business
- Yahoo
Microsoft and Atom Unveil Quantum Breakthrough in Denmark
July 17 - Microsoft (NASDAQ:MSFT) and Atom Computing will build one of the world's most powerful commercial quantum computers in Denmark. The 80 million ($93 million) project is backed equally by the Novo Nordisk Foundation and Denmark's Export and Investment Fund. Warning! GuruFocus has detected 7 Warning Sign with MSFT. The new Copenhagen-based company, QuNorth, will operate the system, named Magne, which is expected to go live in early 2027. Magne will use logical qubits, a technology layer that enhances stability and error resistance compared with today's raw physical qubits. Atom Computing, a U.S. startup specializing in neutral?atom quantum hardware, will supply the quantum processors. Microsoft will provide its Discovery software stack and error?correction protocols. The partnership builds on Microsoft's recent expansion of its Danish quantum research facilities. QuNorth aims to give Nordic researchers and companies priority access to Magne for applications in pharmaceuticals, chemicals, logistics and finance. Construction begins late in 2025, and a Nordic quantum summit is planned that fall to detail commercial and academic access programs. By placing Magne under Danish ownership, the deal strengthens Europe's quantum capabilities. For Microsoft, it deepens its footprint in the region's tech sector; for Atom Computing, it offers a proving ground to scale its hardware for commercial workloads. This article first appeared on GuruFocus.
Yahoo
17-07-2025
- Business
- Yahoo
Denmark aims to host world's most powerful quantum computer
By Supantha Mukherjee and Stine Jacobsen STOCKHOLM/COPENHAGEN (Reuters) -The Novo Nordisk Foundation and Denmark's state-owned credit fund said on Thursday they will invest in what they say will be the world's most powerful quantum computer, aiming to revolutionize areas such as drug discovery and materials computing holds the promise of carrying out calculations that would take today's systems millions of years and could unlock discoveries in medicine, chemistry and many other fields where near-infinite seas of possible combinations of molecules confound classical computers. The Novo Nordisk Foundation, the non-profit which controls pharmaceutical giant Novo Nordisk, and Denmark's Export and Investment Fund (EIFO), said in a statement they would invest 80 million euros ($92.93 million) in the initiative called QuNorth. Microsoft, which has its largest quantum lab in Denmark, will provide software and Atom Computing will build the quantum computer. The computer will be named Magne, inspired by Norse mythology where Magne, the son of Thor, is known for his immense strength. Construction will begin in autumn and the computer is expected to be ready by the end of next year. The quantum computer will start operating with 50 logical qubits, Jason Zander, Microsoft's executive vice president, told Reuters. A qubit, short for quantum bit, is the basic unit of information in a quantum computer and a logical qubit is a virtual qubit built from many physical qubits to reliably process quantum information. Last November, Microsoft and Atom created 24 logical qubits, the highest number ever created. "When we get to about 50 logical qubits, that's when we start hitting true quantum advantage," Zander said. "I get to the point where I can run something on a quantum computer that I could not run on a classic computer." "When the machine gets up to 100 (logical qubits), we can start doing science problems, get up to a couple 100s, we can start doing some chemistry and starting to answer things, and then when all the way up to 1,000, now you are solving everything," Zander said. ($1 = 0.8606 euros)
Time of India
17-07-2025
- Business
- Time of India
Denmark aims to host world's most powerful quantum computer
The Novo Nordisk Foundation and Denmark's state-owned credit fund said on Thursday they will invest in what they say will be the world's most powerful quantum computer, aiming to revolutionize areas such as drug discovery and materials science. Quantum computing holds the promise of carrying out calculations that would take today's systems millions of years and could unlock discoveries in medicine, chemistry and many other fields where near-infinite seas of possible combinations of molecules confound classical computers. The Novo Nordisk Foundation, the non-profit which controls pharmaceutical giant Novo Nordisk, and Denmark's Export and Investment Fund (EIFO), said in a statement they would invest 80 million euros ($92.93 million) in the initiative called QuNorth. Microsoft, which has its largest quantum lab in Denmark, will provide software and Atom Computing will build the quantum computer. The computer will be named Magne, inspired by Norse mythology where Magne, the son of Thor, is known for his immense strength. Construction will begin in autumn and the computer is expected to be ready by the end of next year. The quantum computer will start operating with 50 logical qubits, Jason Zander, Microsoft's executive vice president, told Reuters. A qubit, short for quantum bit, is the basic unit of information in a quantum computer and a logical qubit is a virtual qubit built from many physical qubits to reliably process quantum information. Last November, Microsoft and Atom created 24 logical qubits, the highest number ever created. "When we get to about 50 logical qubits, that's when we start hitting true quantum advantage ," Zander said. "I get to the point where I can run something on a quantum computer that I could not run on a classic computer." "When the machine gets up to 100 (logical qubits), we can start doing science problems, get up to a couple 100s, we can start doing some chemistry and starting to answer things, and then when all the way up to 1,000, now you are solving everything," Zander said.
