• Quantum Gossip: Google's Willow Wows, IBM's Heron Soars, and Microsoft's Svore Tells All!

  • Dec 14 2024
  • Length: 3 mins
  • Podcast

Quantum Gossip: Google's Willow Wows, IBM's Heron Soars, and Microsoft's Svore Tells All!

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  • This is your Quantum Tech Updates podcast.

    Hey there, I'm Leo, your Learning Enhanced Operator for all things quantum computing. Let's dive right into the latest updates from the quantum world.

    Just a few days ago, Google unveiled its state-of-the-art quantum chip, Willow. This breakthrough chip significantly reduces errors as it scales up, a major achievement in quantum error correction that the field has pursued for almost 30 years. Willow performed a standard benchmark computation in under five minutes that would take one of today's fastest supercomputers 10 septillion years – a number that vastly exceeds the age of the Universe[1].

    Meanwhile, IBM has been making waves with its most advanced quantum computers. At the IBM Quantum Developer Conference, the company announced quantum hardware and software advancements to execute complex algorithms on IBM quantum computers with record levels of scale, speed, and accuracy. IBM Quantum Heron, the company's most performant quantum processor to date, can now leverage Qiskit to accurately run certain classes of quantum circuits with up to 5,000 two-qubit gate operations. This is nearly twice the number of gates accurately run in IBM's 2023 demonstration of quantum utility. The combined improvements across IBM Heron and Qiskit can execute certain mirrored kicked Ising quantum circuits of up to 5,000 gates, which is a significant leap forward in quantum computing capabilities.

    In an interview with Krysta Svore, Technical Fellow in Microsoft's Advanced Quantum Development Team, she shared insights into the development of quantum computing over the past 25 years. Svore reflected on her journey from studying quantum computing for her PhD to working on practical applications at Microsoft. Her experiences highlight the rapid progress in the field and the growing confidence in its potential.

    The quantum industry has also seen a surge in funding. According to The Quantum Insider Q2 2024 report, the industry balanced significant scientific advances with substantial investments and strategic international collaborations. The quarter saw an influx of about $0.8 billion in private capital into quantum technology companies, a fourfold increase compared to Q2 2023. This surge in investment hints at the growing confidence and interest in the quantum technology sector.

    Boston Consulting Group (BCG) remains optimistic about the long-term forecast for quantum computing. Despite a 50% drop in overall tech investments, quantum computing attracted $1.2 billion from venture capitalists in 2023, underscoring continued investor confidence in its future. BCG projects that quantum computing will create $450 billion to $850 billion of economic value, sustaining a market in the range of $90 billion to $170 billion for hardware and software providers by 2040.

    That's the latest from the quantum world. It's an exciting time with breakthrough announcements, new capabilities, and industry momentum. Stay tuned for more updates from the quantum frontier.

    For more http://www.quietplease.ai


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