Tuesday, March 26

Why Samsung and HPE are investing in quantum computing


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That the future passes through quantum computing is a fact that will become a reality in the coming years. This does not mean that it will happen in a short period of time, but it does mean that many investments are going to be directed towards a market that does not yet know how it is going to evolve. But there are clues. To the investments that countries make in their development, due to the benefits that it can grant them in their strategic position in the globalized world, technology companies are also taking their steps.

As an example, he highlights the investment that Samsung and HPE have just made in the quantum computing startup Classiq. Based in Israel, this company has just raised around 33 million dollars in a financing round in which South Korean and North American multinationals appear as investors, which shows the interest that quantum computing arouses among the technology sector.

But what is it makes Classiq attractive relative to others? The key lies in the algorithms, since the proposal involves offering developers a platform that allows them to work on the design of quantum algorithms. What makes it different depending on the firm is that quantum entry-level coding already works today, despite the fact that most quantum systems only support a relatively small number of qubits and the code is largely experimental. At Classiq they believe that this approach will not scale once algorithms start requiring more than a few qubits. That is, your platform, call Quantum Algorithm Design (QAD), provides high-level functional modeling of quantum circuits, allowing developers to combine their built-in quantum modules with user-defined ones, and is capable of delivering an optimized quantum circuit that would have taken weeks to build if done independently. Handbook.

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Samsung and HPE have just made a significant investment in the quantum computing startup Classiq

The truth is that the proposal seems convince investors since the different rounds of financing that have been carried out from the Israeli startup have reported around 48 million dollars in just 20 months of existence. The incorporation into the project of firms such as HPE or Samsung not only confirms the interest that the ICT sector has in this market, but also represents a knock on Classiq’s solutions.

A booming market

The truth is that different reports and studies assure that this market will grow around 22% between now and 2024 and nobody in the technology sector wants to be left out of this emerging market. One more proof is that Classique it aims to quadruple in size in the coming months by hiring more staff, mostly engineers and developers. The injection of the last 33 million will help them in an important way.

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