Tag: Quantum

quantum computers hacking bitcoin wallets

Intel’s 17-qubit quantum test chip.

Source: Intel

Stefan Thomas really could have used a quantum computer this year.

The German-born programmer and crypto trader forgot the password to unlock his digital wallet, which contains 7,002 bitcoin, now worth $265 million. Quantum computers, which will be several million times faster than traditional computers, could have easily helped him crack the code.

Though quantum computing is still very much in its infancy, governments and private-sector companies such as Microsoft and Google are working to make it a reality. Within a decade, quantum computers could be powerful enough to break the cryptographic security

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Honeywell Quantum Solutions And Cambridge Quantum Computing Merge With Go-Public In Mind

Quantum computing just got more interesting today.

Today, Honeywell Quantum Solutions (HQS) announced it is being spun off from Honeywell International in a planned merger with Cambridge Quantum Computing. We believe the combined company could go public by as soon as the end of the year. IonQ, a 2015 quantum computing startup, recently announced it will be going public. The quantum market is hot and the HQS-CQC merger could be a big opportunity.

HQS began in 2018 as a business unit of Honeywell International, a $32 billion conglomerate. Honeywell operates in aerospace, building technology, performance

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A Quantum Leap for Quantum Computing

UC Riverside will lead collaborative effort at developing scalable quantum computers.

The University of California, Riverside, has won a University of California Multicampus-National Lab Collaborative Research and Training Award of $3.75 million that will allow the campus to focus on enabling scalable quantum computing.

Quantum computers are expected to greatly outperform the most powerful conventional computers on certain tasks, such as modeling complex chemical processes, finding large prime numbers, and designing new molecules that have applications in medicine.

These computers store quantum information in the form of quantum bits, or qubits — quantum systems that can exist in two

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Google says it will create a working, error-free quantum computer by 2029

Google LLC said today that it’s on course to build a fully working, commercial-grade quantum computer that can perform large-scale calculations without any errors by the end of the decade.

The announcement came today at the virtual Google I/O developer conference today, where the company also unveiled its new Quantum AI Campus in Santa Barbara, California. It’s there that Google said it will develop its working quantum computer.

Quantum computing refers to a next-generation computer architecture that’s covered by the rules of quantum mechanics rather than classical mechanics. Quantum computing has enormous potential because such machines would be able to

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Google plans to build a commercial quantum computer by 2029


China Puts Australia on Notice With Push to Diversify Iron Ore

(Bloomberg) — Beijing threw the spotlight on trade tensions with its top commodities supplier, Australia, after the government’s economic planning agency said it’s looking to diversify China’s supply of iron ore.Chinese firms should boost domestic exploration for the steel-making input, widen their sources of imports, and explore overseas ore resources, the National Development and Reform Commission said at its monthly briefing.The NDRC also said Australia should stop damaging economic and trade cooperation with China and take measures to promote the healthy development of bilateral ties.Iron ore is Australia’s

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IBM just solved this quantum computing problem 120 times faster than previously possible

Using a combination of tweaked algorithms, improved control systems and a new quantum service called Qiskit Runtime, IBM researchers have managed to resolve a quantum problem 120 times faster than the previous time they gave it a go. 

Back in 2017, Big Blue announced that, equipped with a seven-qubit quantum processor, its researchers had successfully simulated the behavior of a small molecule called lithium hydride (LiH). At the time, the operation took 45 days. Now, four years later, the IBM Quantum team has announced that the same problem was solved in only nine hours

The simulation was run entirely

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