DARESBURY, England, October 05, 2023–(BUSINESS WIRE)- PsiQuantum, a leading quantum computing company, has announced a partnership with the Hartree Centre, a high-performance computing and research facility, to develop Fault-Tolerant Quantum Computing (FTQC) applications in the UK. This collaboration aims to accelerate the development of quantum computing technologies and their practical applications.
Quantum computing has emerged as a groundbreaking technology that has the potential to revolutionize industries such as healthcare, sustainability, finance, and defense. The advent of large-scale, fault-tolerant quantum computers is expected to drive significant transformations in these sectors with an estimated global value of US$1 trillion (GBP800 million), according to McKinsey.
PsiQuantum’s advanced R&D facility at the STFC’s Daresbury Laboratory, supported by funding from the UK government, provides the company with access to state-of-the-art cryogenic infrastructure. By collaborating with experts specialized in large-scale cryogenic cooling, PsiQuantum aims to develop next-generation cryogenic quantum modules that will pave the way for the development of commercially viable quantum computers.
The Hartree Centre, part of the Sci-Tech Daresbury science and innovation campus, is known for its expertise in high-performance computing, data analytics, and artificial intelligence. Through this partnership, the Hartree Centre will contribute its extensive knowledge and industry connections, while PsiQuantum will bring its expertise in FTQC algorithm development.
The collaboration between PsiQuantum and the Hartree Centre has three primary objectives. First, it aims to build a strong knowledge base in FTQC at the Hartree Centre, enhancing the center’s capabilities in quantum computing. Second, the partnership will focus on identifying high-impact problem statements in government and industry that can benefit from quantum computing solutions. Lastly, the collaboration will work towards developing algorithms for two priority applications.
To achieve these goals, the partnership will include a range of activities, such as FTQC training for researchers at the Hartree Centre, thematic workshops to address critical computational challenges, and the development of two industrially-relevant use cases. These initiatives will provide valuable insights into the potential applications of quantum computing and help drive its adoption in various sectors.
The collaboration between PsiQuantum and the Hartree Centre demonstrates the UK’s commitment to becoming a leader in quantum computing. The UK government’s funding support and the expertise of both organizations will contribute to the growth of a resilient quantum computing ecosystem in the country.
Frequently Asked Questions
1. What is quantum computing?
Quantum computing is a field of computing that utilizes the principles of quantum mechanics to perform complex calculations. Unlike classical computers that use bits, which represent either 0 or 1, quantum computers use quantum bits or qubits, which can represent both 0 and 1 simultaneously. This property allows quantum computers to perform calculations at a much faster rate than classical computers for certain types of problems.
2. How can quantum computing benefit industries?
Quantum computing has the potential to revolutionize various industries by solving complex problems that are currently beyond the reach of classical computers. Industries such as healthcare, sustainability, finance, and defense can benefit from quantum computing’s ability to solve optimization problems, simulate complex systems, and enhance data analysis capabilities.
3. What is fault-tolerant quantum computing?
Fault-tolerant quantum computing refers to the development of quantum computers that can effectively handle errors and noise that arise due to external factors, such as temperature fluctuations or interference. Building fault-tolerant quantum computers is crucial for the practical implementation of quantum computing technologies and applications.
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