Media

£15 million competition to accelerate use of quantum in Government

The first winners of a £15 million competition to explore the benefits of using quantum technologies in the government’s work across areas like health, transport and net zero have been announced today (7 September). The Quantum Catalyst Fund aims to accelerate the adoption of quantum solutions by the public sector and will ensure the UK government is well-placed to fully harness the benefits of using these technologies across a range of policy areas. Quantum technologies – one of the government’s five critical technologies – are devices and systems using quantum mechanics to provide capabilities that ‘classical’ machines like binary computers cannot.

Winners of UK Government’s £15 million Quantum competition announced

The first winners of a £15 million competition to explore the benefits of using quantum technologies in the Government’s work across areas like health, transport and net zero have been announced today (7 September). The Quantum Catalyst Fund aims to accelerate the adoption of quantum solutions by the public sector and hopes to ensure the UK Government is well-placed to fully harness the benefits of using these technologies across a range of policy areas.

Official sponsors of the Osservatori Digital Innovation on Quantum Computing

Multiverse Computing announces that we are official sponsors of the Osservatori Digital Innovation on Quantum Computing from the School of Management of Politecnico di Milano.

Economía Digital y las Telecomunicaciones #Santander37 - Multiverse Computing

Multiverse Computing participa en el encuentro de la Economía Digital y las Telecomunicaciones #Santander37 El evento ha sido organizado por AMETIC, Santander y Universidad Internacional Menéndez Pelayo.

IA cuántica: el siguiente gran salto evolutivo de la nueva economía ya está en marcha

En la carrera exponencial de las aplicaciones tecnológicas del siglo XXI, la inteligencia artificial y la computación y las comunicaciones cuánticas destacan por su 'estado del arte', en la era de los datos y de la indispensable 'sociedad de la eficiencia'. Por ello, la 'IA Cuántica' ya se encuentra en lanzadera, todo un empeño al trabajar con una concepción que llegará a conseguir en segundos, desde los centros y sistemas de supercomputación, lo que ahora se consigue en años, gracias a la proyección de la superposición, que permite trabajar con ceros y unos (la base de la computación ya denominada 'clásica') simultáneamente. En este empeño, la Unión Europea destinó más de 7.500 millones de euros para preparar esta vía de progreso que impactará directamente en los llamados 'verticales' de la industria y la empresa, en todo tipo de sectores, desde el sector de la salud, de la energía, de la logística, hasta el propio de la tecnología. En el caso de España, el programa Quantum Spain (1 enero 2022-31 diciembre 2025) tiene como objetivo impulsar y financiar una infraestructura competitiva y completa de computación cuántica en España, en torno a ejes como la Red Española de Supercomputación. Esta iniciativa, impulsada por el Ministerio de Economía a través de la Secretaría de Estado de Digitalización e Inteligencia Artificial y financiada con los Fondos de Recuperación, acaba de sumar a su proyecto a 14 instituciones de investigación nacionales, desde la Universidad de Barcelona y la Universidad Complutense al CSIC (Consejo Superior de Investigaciones Científicas).

Ally Recognized by CIO 100 for Quantum Computing

Our CIO 100 Award Winning Project Our submission to the CIO 100 showcased a proof-of-concept (POC) with vendors Protiviti and Multiverse Computing to help Ally develop computing capabilities that solve challenges using both classical and quantum computing power. Ally sees value in preparing to be ‘at the ready’ as quantum computing machines become more powerful. The project centered on financial index tracking, an essential application of portfolio optimization used by financial firms for asset management strategies or for creating and managing new financial products such as exchange-traded funds (ETFs). A POC is a smart choice for a team looking to invest wisely in quantum computing because it allows safe experimentation and testing that could eventually be deployed to customers. While there’s no current plan to deploy this capability to Ally customers, it allows the technology team to solve complex problems and run tests in a controlled environment, which is critical for accelerating innovation.

Unlocking Europe's Quantum Potential: Why The Startup Funding Model Is Critical

Article by Multiverse Computing's CTO Sam Mugel on Forbes.

Bank of Canada’s Maryam Haghighi on quantum computing in central banks

The director of data science talks about post-quantum encryption, payments simulation and optimisation problems, and how the quantum work is happening in a multidisciplinary way.

7 ways that quantum computing is making an impact in the real world

The number of VC-funded quantum startups in Europe is growing fast, with many making bold claims that their technology could one day revolutionise the world economy. Yet it's still difficult to answer one fundamental thing: what can quantum computers actually do? For now, the quantum computing industry remains in what's known as the NISQ era — Noisy Intermediate Scale Quantum — in which error rates and the limited size of quantum processors significantly limit the power of quantum computers. A fully fledged quantum computer, which would be able to solve complex calculations unmanageable for today’s supercomputers, is still years away.

Multiverse Computing and Iberdrola Collaborate on Quantum Solutions for Future-Ready Smart Grids

SAN SEBASTIAN, Spain, July 6, 2023 — Multiverse Computing, a global leader in value-based quantum computing solutions, today announced a joint project with multinational clean energy firm Iberdrola to modernize electrical grids and facilitate additional green energy sources. Because electrical grids are integrating increasing amounts of renewable generation, electric vehicles and other distributed energy resources, supplemental batteries are playing a vital role. i-DE, Iberdrola’s distributor in Spain and a leader in smart grids, will work with Multiverse Computing to select the optimal number, type and locations of supplemental batteries for the electrical grid.

Quantum boost for Spanish power grid

Quantum algorithms from Multiverse Computing in Spain are being used to optimise the local electricity grid and develop additional green energy storage. A joint project with multinational clean energy firm Iberdrola is using quantum algorithms to select the optimal number, type and locations of supplemental energy storage batteries for the electrical grid. The two companies will work together for 10 months as part of the Gipuzkoa Quantum Programme in the Basque Country of Spain, a quantum computing hub and smart grid innovation centre.

Multiverse Computing Partners with Tech Mahindra to Set Global Enterprises on Path to Quantum Solution

SAN SEBASTIÁN, Spain, August 8, 2023 — Multiverse Computing, a global leader in value-based quantum computing solutions, today announced a new partnership to deliver its cutting-edge quantum computing software to Tech Mahindra‘s global customers. Tech Mahindra is a leading provider of digital transformation, consulting, and business engineering services and solutions. With this partnership, Tech Mahindra and Multiverse Computing will jointly develop a go-to-market strategy to serve global customers across sectors including finance, healthcare, logistics, manufacturing, and government. The partnership will facilitate co-innovation and joint development in the quantum field and enhance the understanding of the technology by sharing pitch books and collaterals with end-customers.

Quantum Untangled - The code that makes the qubits useful

The first computer program was written by Ada Lovelace in 1843 for Charles Babbage's marvellously ambitious (and tragically hypothetical) Analytical Engine. Intended to showcase the computational power of this whirring, shunting assembly of cogs and flywheels, Lovelace’s code was designed to calculate a sequence of Bernoulli numbers. Though the Analytical Engine was never completed in either Lovelace or Babbage’s lifetimes, computer science students still use Bernoulli numbers to flex their coding muscles.

Iberdrola and Multiverse Computing Tackle Grid Optimization with Quantum Computing

Iberdrola, a Spanish energy company, has partnered with start-up Multiverse Computing to launch a joint quantum computing project to solve complex optimization problems in the power grid. The project, part of the Gipuzkoa Quantum Program, will focus on finding optimal battery locations within the electrical network. Quantum computing is a promising technology for evaluating many combinations, making it suitable for addressing the computational complexity of power grid optimization. The 10-month project will see both companies contribute their expertise in their respective fields.

Multiverse Computing, Iberdrola partner to use quantum computing optimization to green up power grids

The largest quantum computing company in the EU is working with a global leader in clean energy to solve optimization problems on smart electricity grids

Multiverse Computing and Université de Sherbrooke Announce Collaboration to Prepare Students for Careers in Quantum

Multiverse Computing and Université de Sherbrooke Announce Collaboration to Prepare Students for Careers in Quantum Partnership aims to enhance student learning with the development of additional quantum education materials using Multiverse’s Singularity platform

Multiverse Computing in the TOP 100 most promising AI companies 2023 in the Quantum AI software category published by CB Insights.

Securing a spot in the TOP 100 AI Most Promising Companies published by CB Insights is an exceptional achievement for us.

73 Quantum Computing Startups Challenging Industry Leaders

5 Crucial Quantum Computing Applications & Examples

As a relatively new field (at least commercially), quantum computing (leveraging quantum mechanics) has the potential to change outcomes in many industries and fields of science. There are a number of quantum computing applications that are particularly promising.

Iberdrola and Multiverse Computing work on quantum computing solutions for the electricity grid

La mayor ‘start up’ cuántica de Europa es española

La firma vasca Multiverse Computing desarrolla software para que las grandes corporaciones puedan sacar provecho ya del enorme potencial de la computación cuántica. Artículo por Javier G. Fernández (Expansión).