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DeeperML - #physics
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@quantumcomputingreport.com
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The quantum computing industry is experiencing a surge in activity, marked by significant acquisitions and technological advancements. IonQ has announced its intent to acquire UK-based Oxford Ionics for $1.075 billion in stock and cash, uniting two leaders in trapped-ion quantum computing. This deal aims to accelerate the development of scalable and reliable quantum systems, targeting 256 high-fidelity qubits by 2026 and over 10,000 physical qubits by 2027. The acquisition combines IonQ's quantum computing stack with Oxford Ionics' semiconductor-compatible ion-trap technology, strengthening IonQ's technical capabilities and expanding its European presence. CEO of IonQ, Niccolo de Masi, highlighted the strategic importance of this acquisition, uniting talent from across the world to become the world’s best quantum computing, quantum communication and quantum networking ecosystem.
Recent advancements also include the activation of Europe’s first room-temperature quantum accelerator by Fraunhofer IAF, featuring Quantum Brilliance’s diamond-based QB-QDK2.0 system. This system utilizes nitrogen-vacancy (NV) centers and operates without cryogenic requirements, seamlessly integrating into existing high-performance computing environments. It's co-located with classical processors and NVIDIA GPUs to support hybrid quantum-classical workloads. Moreover, IBM has announced plans to build the world’s first large-scale, error-corrected quantum computer named Starling, aiming for completion by 2028 and cloud availability by 2029. IBM claims it has cracked the code for quantum error correction, moving from science to engineering. Further bolstering the industry's growth, collaborative projects are demonstrating the potential of quantum computing in various applications. IonQ, in partnership with AstraZeneca, AWS, and NVIDIA, has showcased a quantum-accelerated drug discovery workflow that drastically reduces simulation time for key pharmaceutical reactions. Their hybrid system, integrating IonQ’s Forte quantum processor with NVIDIA CUDA-Q and AWS infrastructure, achieved over a 20-fold improvement in time-to-solution for the Suzuki-Miyaura reaction. Additionally, the Karnataka State Cabinet has approved the second phase of the Quantum Research Park at the Indian Institute of Science (IISc) in Bengaluru, allocating ₹48 crore ($5.595 million USD) to expand the state’s quantum technology infrastructure and foster collaboration between academia, startups, and industry.
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