Latest news with #QuantumSystemTwo
Chicago Tribune
5 days ago
- Business
- Chicago Tribune
Chicago's quantum campus gets another tenant
Quantum company Infleqtion will become a tenant of the Illinois Quantum and Microelectronics Park at the former U.S. Steel South Works plant, Gov. JB Pritzker announced Wednesday. The announcement of Infleqtion's project was made as quantum leaders from around the globe gathered in Chicago for the inaugural Global Quantum Forum. 'Infleqtion's decision to expand in Illinois is a powerful validation of our vision for the park, and their investment of more than $14 million and the creation of 36, maybe more, new high-quality jobs brings us a step closer to realizing that vision,' said Harley Johnson, executive director and CEO of the Illinois Quantum and Microelectronics Park. With support from the state's Manufacturing Illinois Chips for Real Opportunity Act Program, Infleqtion will build a utility-scale quantum computer, Pritzker said. The state's MICRO program provides incentives for companies that manufacture microchips, semiconductors, quantum computers and associated component parts as well as those engaged in research and development. This MICRO agreement with Infleqtion specifies a minimum company investment of $14 million and the creation of at least 36 full-time jobs. Other tenants at the quantum park include PsiQuantum, Diraq, the IL-DARPA Quantum Proving Ground, the National Quantum Algorithm Center and IBM's Quantum System Two.
Time of India
15-07-2025
- Business
- Time of India
Karnataka eyes $20 billion quantum economy; aims to outpace southern rivals
Academy Empower your mind, elevate your skills Aiming to ride the quantum wave in India and challenging other southern states, Karnataka is set to launch its ' Quantum Action Plan ,' which will focus on research, manufacturing, education, and industry support. The state's science and technology minister, NS Boseraju, told ET that though the technology is very nascent in India, Karnataka sees it as a big opportunity and is ready to provide the necessary incentives for startups and researchers.'We want to build a quantum advantage-driven economy by 2035. Through this initiative, the state will target $20 billion in economic value creation over the next decade,' he said ahead of the two-day Quantum India Bengaluru Summit to be held from July Andhra Pradesh's Amaravati is looking to become the quantum innovation hub , Karnataka has the edge with its strong tech base and infrastructure, Boseraju said. The neighbouring state announced the Amaravati Quantum Valley Declaration earlier in July. Under the initiative, Andhra Pradesh will develop a 50-acre Quantum Valley Tech Park built by L&T. The project aims to host India's first major quantum computing environment by IBM's 156-qubit Quantum System Two by early 2026.'Other states are now beginning to show interest, but we are ahead in this effort. We've already partnered with IISc and allocated land to support niche work in this domain,' the minister said, referring to the state cabinet's clearance of the second phase of the Quantum Research Park worth ₹48 not to miss the quantum bus the way it did with semiconductors, the government said it is actively identifying and securing land around Bengaluru to provide all the infrastructure entrepreneurs may need. 'Unlike other states that focus only on service centres, Karnataka wants to own the tech, intellectual property, and production,' the science and tech minister department will be holding a high-level meeting on Wednesday with the ministers for industries, IT/BT, and higher education, along with entrepreneurs. 'One of the agenda points is about quantum-specific IP frameworks, startup schemes, and whether we need a separate research fund or quantum fellowship programme,' Boseraju said. He added that the government is aware that quantum research requires significant patient capital for wants to leverage quantum technology for health and education. 'We already spend a significant amount on education and healthcare. By integrating quantum technologies, we hope to build better infrastructure and improve access, especially for the common man,' Boseraju said.
Time Business News
09-07-2025
- Science
- Time Business News
From Lab to Life: Quantum Computing's Big Leap in 2025
Imagine you're designing a life-saving drug—not over years of lab work, but in hours, simulated at atomic precision. Or cracking a logistics puzzle that saves a global retailer millions in shipping costs. Sounds like science fiction? Welcome to the world of quantum computing. Unlike the classical computers most of us rely on—those binary beasts that crunch 1s and 0s—quantum computers harness the weird, wondrous rules of quantum mechanics. Instead of bits, they use qubits, which can exist in multiple states simultaneously, thanks to a principle called superposition. Add in entanglement—a spooky quantum link between particles—and you get a machine that can process information in ways that defy conventional logic. In 2025, quantum computing is no longer confined to theoretical physics lectures or whiteboard doodles at MIT. With billions pouring in from tech giants and governments, and new chips hitting labs and (slowly) creeping into commercial spaces, the field is making noticeable strides. While we're still far from the quantum iPhone, the groundwork is undeniably being laid—and fast. The past year has been a wild ride for quantum computing, with breakthroughs popping up left and right. In early 2025, Google made headlines with its new quantum chip, Willow , which boasts enhanced noise resistance and reportedly demonstrated exponential error suppression—one of the field's Holy Grails. This was more than a benchmark; it hinted at crossing the bridge from noisy intermediate-scale quantum (NISQ) systems to more stable, fault-tolerant architectures. Meanwhile, IBM's Starling chip rolled out with 1,221 superconducting qubits, tightly integrated with error-correcting code. IBM's 2029 roadmap for building a 100,000-qubit machine, once met with skepticism, is beginning to seem less far-fetched. The company even opened its Quantum System Two facility, hinting at early-stage commercialization. Microsoft, not to be left out, finally put its bet on Majorana-based qubits into action, touting a more scalable, stable qubit architecture—though details remain tightly controlled. Its hybrid cloud-quantum ecosystem, integrated into Azure, is now serving early customers experimenting with optimization problems. Other players are also shaping the field. PsiQuantum, a startup many dismissed as ambitious vaporware, has reportedly secured partnerships to integrate its photonic quantum chips into existing data centers by 2026. And D-Wave, often operating in its own lane with quantum annealing, has launched application-specific solutions in supply chain and manufacturing—limited in scope but real and running. Here's the big kicker: quantum error correction (QEC) has finally stepped out of the textbook and into reality. In multiple labs, including those in Japan and Germany, researchers are now demonstrating 'logical qubits' that can retain coherence far longer than physical qubits. It's not yet at scale, but it's a leap from where we were just two years ago. If quantum computing were a Swiss Army knife, we're just learning how to flip out the first blade. But even that's changing. Right now, some of the most exciting action is in materials science and chemistry. Simulating molecules at a quantum level—something classical computers struggle with—could lead to breakthroughs in carbon capture, fertilizer production, and next-gen batteries. Companies like BASF, Roche, and AstraZeneca are dabbling in partnerships with quantum firms for precisely this reason. In drug discovery, the ability to predict how a protein folds or how molecules bind without months of wet lab work could mean faster, cheaper, more targeted treatments. We're not quite replacing labs yet, but early simulations have shown promise in reducing lead discovery times by orders of magnitude. Artificial intelligence may also benefit, particularly in areas like optimization, clustering, and searching massive unstructured datasets. Quantum algorithms aren't just faster—they're different, allowing entirely new ways of processing information. That said, they often require highly specialized setups and aren't plug-and-play replacements for classical AI models. And then there's the elephant in the server room: encryption. Today's internet relies on cryptographic systems that quantum computers could, theoretically, break in minutes. The so-called 'Q-Day' (when a quantum computer cracks RSA or ECC encryption) is still in the future—but maybe not as far off as once thought. Governments and tech firms are already pushing post-quantum cryptography (PQC), algorithms designed to be resistant to quantum attacks, as an urgent safeguard. Looking ahead, imagine real-time financial modeling that adapts to market shifts like a living organism, or climate simulations so precise they can inform micro-level policy. These aren't just fantasy—they're possible outcomes if quantum machines scale as expected. Of course, quantum computing isn't all smooth sailing on superconducting seas. First, there's the issue of scaling. Most of today's qubit counts are still in the hundreds or low thousands—far from the millions likely needed for complex, fault-tolerant applications. And these machines don't live on your desk; they often operate in refrigerator-sized cryogenic chambers cooled near absolute zero. Engineering, logistics, and sheer energy demands remain formidable barriers. Error rates are another headache. While quantum error correction is progressing, it's computationally expensive—requiring hundreds or thousands of physical qubits for every logical one. That math doesn't yet work for practical systems. Even among industry titans, there's disagreement on the timeline. Nvidia's CEO, Jensen Huang, recently emphasized that quantum computing is a 'long-term science project' unlikely to impact real-world applications this decade. Others are more bullish. Google claims quantum advantage in some niche problems within five years, while IBM's roadmap aims for meaningful commercial applications by 2029. And let's not ignore the geopolitics. The U.S. and China are locked in a quantum arms race, with billions invested in national programs. There's concern about what happens if one side pulls significantly ahead—both in terms of data security and economic dominance. As with AI, the fear is that quantum's benefits might be cornered by a few superpowers or tech conglomerates, leaving the rest of the world to catch up. So, where does that leave us in July 2025? Quantum computing remains a curious paradox. On one hand, it's still embryonic—its full power untapped, its timeline uncertain. On the other, it's making real, tangible progress, shifting from chalkboard dreams to lab demos and early prototypes solving niche problems. But perhaps the most exciting thing is that we're no longer asking if quantum computing will change the world—but when , and how , and who will get there first . For now, it pays to stay curious. As the field evolves, it will continue to blur lines between physics and computation, science and imagination. In a world increasingly shaped by data and digital systems, quantum computing may just be the next great leap—not just in tech, but in how we understand and shape our reality. TIME BUSINESS NEWS
Business Insider
08-07-2025
- Business
- Business Insider
3 Quantum Computing Stocks with Potential to Beat the Market – 7/7/2025
Quantum computing, though still in its early stages, is expected to be the next big revolution after artificial intelligence (AI). This emerging technology can tackle complex problems more quickly than traditional computers due to its ability to process information using quantum bits (qubits) instead of regular bits. Thus, investing in quantum computing stocks could give long-term investors a chance to benefit from new technology and market growth. Don't Miss TipRanks' Half-Year Sale 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. To find such stocks, take a look at TipRanks' Quantum Computing Stocks page. It allows you to compare stocks based on analyst consensus, price targets, and key technical indicators, among others. Today, we have picked stocks that carry an Outperform Smart Score (i.e., 8, 9, or 10) on TipRanks, which indicates that these stocks have the potential to beat the market. Here are today's top quantum computing stock picks. Click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio. IBM (IBM) – IBM recently deployed the Quantum System Two, powered by the 156-qubit Heron processor. Also, the company is developing the Nighthawk and Loon processors to support more complex circuits and error correction. IBM aims to deliver an over 4000-qubit quantum-centric supercomputer by year-end. The stock has earned an analyst consensus of Moderate Buy. Also, IBM stock has a Smart Score of 'Perfect 10.' IonQ (IONQ) – IonQ recently secured a $1 billion equity investment to scale its systems and expand global reach. Its current platforms, Forte and Forte Enterprise, are delivering 20x performance gains for several key clients. It aims to deliver a 2 million-qubit machine by 2030. Interestingly, IONQ stock has an analyst consensus of Strong Buy and a Smart Score of nine. Alphabet (GOOGL) – Alphabet's Google Quantum AI team is making progress with its Willow chip. It aims to achieve practical quantum use within five years by combining quantum technology with AI. GOOGL stock has an analyst consensus of Strong Buy and a Smart Score of nine.
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Business Standard
07-07-2025
- Business
- Business Standard
Andhra unveils quantum valley in Amaravati, eyes $1 bn investment by 2029
The Andhra Pradesh government on Monday approved the Amaravati Quantum Valley Declaration, which will guide the state's efforts to advance quantum technologies and build a vibrant innovation ecosystem, including attracting $1 billion in investments by January 1, 2029. The declaration follows deliberations held during the recent Quantum Valley Workshop in Vijayawada. "The Government hereby approves the Amaravati Quantum Valley Declaration. This shall serve as a guiding framework for the state's efforts to advance quantum technologies and nurture a vibrant innovation ecosystem," said Bhaskar Katamneni, Secretary to the Government, in a GO. The declaration outlines shared commitments, a long-term vision, and strategic priorities for quantum research, innovation, talent development, infrastructure creation, and international partnerships. It reflects Andhra Pradesh's ambition to transform Amaravati into a globally competitive hub for quantum science and technology. The workshop hosted discussions on quantum computing, algorithms, hardware, quantum sensing and communication, quantum materials, capacity building, standardization, and a startup ecosystem for innovation. As part of joint commitments from global partners, scholars, startups, industry leaders, and other stakeholders, the Amaravati Quantum Valley (AQV) will establish a Living Lab Infrastructure. This includes setting up QChipIN, India's largest open quantum testbed, within a year. It will integrate quantum computers, QKD fibre links, and deployable sensor platforms to support pilot projects across health-tech, Banking, Financial Services, and Insurance (BFSI), logistics, defence, and space sectors. QChipIN will provide end-to-end access to quantum hardware, algorithms, tools, and expert support, housed within a dedicated tech park in collaboration with industry and academia to accelerate domestic R&D. By January 1, 2026, IBM is expected to install its Quantum System Two at AQV, with a target of testing 100 quantum algorithms by the same time. By January 1, 2027, three quantum computers based on different qubit technologiesincluding superconducting circuits, trapped ions, photonic qubits, and neutral atomsare planned. Further targets include testing over 1,000 quantum algorithms annually by January 1, 2028, and achieving 1,000 effective qubits of total quantum capacity by January 1, 2029. To boost domestic production, AQV will anchor the indigenous supply chain for qubit platforms, cryo-electronics, photonic packages, quantum chips, quantum dots, readout hardware like single-photon detectors, and control systems, to reach Rs 5,000 crore in annual exports by 2030. In addition to talent development, AQV will spearhead the creation of a National Startup Forum with milestone-based VC funding and mentorship. A dedicated Rs 1,000 crore Quantum Fund and access to Living Lab infrastructure will support at least 20 quantum hardware and security startups in the next year and 100 by 2030, said the declaration. Startups will also benefit from regulatory sandboxes. The quantum valley aims to attract a minimum of $500 million in investments by January 1, 2027, and $1 billion by January 1, 2029, focusing on quantum computing, chips, sensing, and communications. Andhra Pradesh will also establish a Global Quantum Collaboration Council (GQCC) in Amaravati to align international standards, foster joint R&D, and promote trusted supply chains. A multi-stakeholder Amaravati Quantum Valley Mission Board will oversee governance, with working groups identifying use cases for quantum computing across sectors. Starting in 2026, Amaravati will host an annual World Quantum Expo, with the goal of becoming India's quantum capital and a global hub for deep tech innovation by 2035.
