August 4, 2023
Here is a selection of recent news stories about business applications for quantum. To keep up to date with coverage of all things quantum for business,
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Transportation
Quantum-South has released a new version of its
air cargo optimization software
that uses quantum-inspired optimization algorithms to determine the optimal loading strategy for packing a consignment into an aircraft.
Quantum Chemistry
Quantinuum researchers have used a fault-tolerant quantum algorithm run using logical qubits to
simulate the hydrogen molecule
for the first time.
Financial Services
Truist Financial Corp. has
joined IBM’s Quantum Accelerator
program to develop internal expertise in quantum computing to prepare to use the technology for future financial services applications.
Quantum technology company Terra Quantum and investment bank Cirdan Capital claim to have developed a faster quantum-based algorithmic method for
pricing exotic financial options
.
Rigetti and ADIA Lab are developing a quantum solution to a financial sector problem known as the probability distribution classification problem.
Navigation
Q-CTRL and Australia’s Department of Defense plan to jointly develop a
quantum-assured navigation capability
for military platforms using Q-CTRL’s software-ruggedized quantum sensing technology.
Manufacturing
Quantum computing companies Pasqal and Qunova Computing are working with South Korean steel company Posco to investigate how
quantum could improve steelmaking processes
.
Construction
QuantumBasel has launched a quantum pilot project with Vinci Energies to
optimize heating, ventilation and cooling
(HVAC) system design and installation.
Energy
Quantum computing company Multiverse Computing is working with clean energy multinational Iberdrola to use quantum optimization algorithms to
.
Telecommunications
Health Care
Algorithmiq, a company that specializes in
quantum computing products for life sciences,
has raised $15 million in a series A funding round.
Quantum AI specialist Zapata Computing has agreed with the Technical University of Denmark (DTU) to investigate how quantum computing can create near-term value for
.
NTT Data researchers have used a hybrid quantum approach to
optimize genome sequencing and assembly
, providing information that could be used to develop new treatments and therapies to target underlying genetic causes of disease.
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