Multiverse Computing Wins ‘Future Unicorn’ Award 2024
Quantum software company recognized as the European scale-up with the most potential to reach $1 billion in value by digital transformation industry group
Multiverse Computing participa en el grupo promotor del nuevo cluster financiero e inversor de Euskadi BasqueFIK
BasqueFIK estará presidido por Jon Ander de las Fuentes (Artizarra Fundazioa) y Fernando del Hoyo (Kutxabak) será vicepresidente. El grupo promotor está compuesto por entidades principalmente privadas, si bien, el Gobierno Vasco mantiene su representación en el clúster, a través de Gestión Capital Riesgo (Grupo SPRI) y el Instituto Vasco de Finanzas, y la Diputación Foral de Bizkaia, a través de Seed Capital Bizkaia. El resto de entidades promotoras de carácter privado son ABE capital partners SGEIC, Elkargi, Federación de entidades de Previsión Social Voluntaria de Euskadi, Fundación BBK, Garrigues, IKEI Research & Consultancy, Kaizaharra Corporacion Empresarial, Kutxabank, Laboral Kutxa, Multiverse Computing, Norgestion S.A, SANTANDER, Sociedad Rectora de la Bolsa de Valores de Bilbao, S.A.U., Artizarra Fundazioa y Tecnalia Ventures.
Samuel Mugel: Data abundance will continue to be an opportunity and a challenge
Quant Strats 2024 will take place on March 12 at the Quorum by Convene, New York. For more information download the agenda below. What has been you /your firm’s top 3 priorities for the coming year? Our top 3 priorities are: To transition from a services based business model to SaaS; To sell 100 licenses To release our new product for Large Language Models: CompactifAI
Multiverse Computing and Single Quantum Launch Materials Science Research Contract with German Aerospace Center
$1.4 million hardware and software contracts to focus on improving superconducting single photon detectors, a building block of quantum communications
Making Large Language Models Work On The Edge
Large language models like ChatGPT have revolutionized content creation. From writing code to offering nuanced, human-like conversations through customer service chatbots, businesses are now able to generate personalized content using foundation models trained on tens of billions of words.
ONTZHi Investigará tecnologías para el almacenamiento y transporte seguro del hidrógeno
El proyecto ONTZHi ‘Tecnologías Claves para el Almacenamiento y Transporte (A&T) de Hidrógeno’ anunció su inicio, “con el objetivo avanzar en la seguridad, eficiencia y sostenibilidad del almacenamiento y transporte de hidrógeno”, según informaron fuentes del consorcio en un comunicado de prensa. Con una duración total de dos años y apoyado por el Programa Elkartek 2023 del Gobierno Vasco esta iniciativa se centra en abordar los desafíos actuales asociados con el hidrógeno como vector energético.
Multiverse in London: Building partnerships in finance and beyond
Multiverse Computing, Europe’s largest quantum and quantum-inspired software AI company, set up its UK presence in early 2023. As a UK company, it has already won projects to collaborate with global names like Moody’s UK as part of Innovate UK’s Quantum Catalyst Fund.
Multiverse Computing Wins ‘Future Unicorn’ Nomination
Quantum software company makes shortlist of 10 most promising European tech scale-ups with potential to become billion-dollar companies.
Looking Back, Looking Ahead: Quantum Experts Reflect On 2023, Peer Into 2024
The quantum community has a reason to celebrate some important milestones in 2023, while looking ahead with a mix of optimism and even a little concern. Here’s a collection of reflections of 2023 and predictions for 2024 contributed by some of the ecosystem’s best known experts and thought leaders, including officials from Quantinuum, Terra Quantum, IQM Computers, Keysight and D-Wave.
Quantum Computing and Its Impact on AI: Unlocking Limitless Potential
The convergence of quantum computing and artificial intelligence (AI) has sparked a new era of technological advancements. Quantum computing, with its ability to harness the principles of quantum mechanics, introduces a paradigm shift in computational power and problem-solving capabilities. With the global market projected to reach a staggering value of USD 4,375 Million by 2028, growing at an impressive compound annual growth rate (CAGR) of 38.3%, the impact of quantum computing on AI cannot be overstated. This article explores quantum computing, its expected impact on AI, and its potential to drive progressive developments across diverse industries.
Multiverse Computing and Moody’s Analytics Announce QFStudio [TM] SaaS Quantum Platform
Moody’s Analytics risk experts to provide quantum solutions for machine learning, optimization and pricing, and simulation problems via Software-as-a-Service
Quantum-Enabled Digital Twin Boosts Green Hydrogen Production
The digital twin project, from Multiverse Computing, uses quantum algorithms to optimize hydrogen production
Multiverse Computing Pioneers Quantum Digital Twin Project to Boost Green Hydrogen Production
SAN SEBASTIAN, Spain, Nov. 29, 2023 — Multiverse Computing, a global leader in value-based quantum computing and machine learning solutions, has used a digital twin and quantum optimization to boost the efficiency of green hydrogen production. This work could change the economics of hydrogen production and reduce a significant source of greenhouse gas.
Multiverse Computing Launches CompactifAI to Streamline LLMs to Reduce Energy Use and Compute Costs
Leveraging quantum-inspired tensor networks, the CompactifAI compressor can also accelerate AI data training and enable new portable use cases for LLMs
Who Is Investing In The $850 Billion Quantum Tech Market And Why
Quantum technologies are among the least widely understood, yet most promising advancements set to disrupt business and industries in the coming years.
Multiverse Computing deploys quantum technology to predict floods
Climate change is here, but tech could help us adapt
Quantum leap: France’s plan to win the future of computing
While France’s high-tech cheerleading can sometimes strike a nationalistic tone, it is not taking an isolationist approach to quantum computing. French researchers formed a coalition with their quantum colleagues across Europe to apply for money from the EU’s Quantum Flagship programme. That has already led one of Germany’s national supercomputing centres JUWELS to purchase PASQAL’s technology. “Participating in European projects allows for greater ambition,” Mehr says, “because we then receive co-funding from Europe. But it's also a good way for us to expose these French devices to European research and industrial communities. That makes things a bit more collaborative.” Spain’s Multiverse Computing, which is developing quantum computing software, and Finland’s IQM have also opened offices in Paris. That makes them eligible for support under the French quantum plan.
What Large Models Cost You – There Is No Free AI Lunch
GPT-4, PaLM, Claude, Bard, LaMDA, LLaMA, Chinchilla, Sparrow – the list of large-language models on the market continues to grow. But behind their remarkable capabilities, users are discovering substantial costs. While LLMs offer tremendous potential, understanding their economic implications is crucial for businesses and individuals considering their adoption.
When matter and information merge into “Quantum”
Despite only being its 3rd edition, the QUANTUM MATTER international conference & expo (QUANTUMatter) has already become a reference event for communities involved in the study of quantum materials, quantum information and quantum technologies at large. This article reports on this meeting, which took place in Madrid, in June 2023, with 420 participants and keynote speakers from all areas of quantum technologies and quantum materials.
Crédit d’Impôt Recherche (CIR) et Crédit d’Impôt Innovation (CII) Multiverse Computing: Agréé 2023-2025
The French Ministry of Higher Education and Research has approved Multiverse Computing as an organization carrying out R&D activities in the cutting-edge field of quantum computing for private companies. Multiverse Computing is now included in the list of approved private research organizations at www.recherche.gouv.fr. The French Research Tax Credit (Crédit d’impôt recherche, CIR) is a general measure promoting the R&D efforts, irrespective of the sector or the size of the company, fostering innovation and technological advancements.
A Brief Overview Of Quantum Computing In Spain In 2023
Quantum computing, the revolutionary technology that harnesses the principles of quantum mechanics to process information exponentially faster than classical computers, has emerged as one of the most promising fields of research in recent years. As nations worldwide vie for supremacy in this rapidly evolving industry, Spain has firmly established itself as a notable player in the quantum computing race. With a strong focus on research, significant government support, and a thriving private sector, Spain has positioned itself as a quantum hub in Europe.
Multiverse Computing Partners With Tech Mahindra To Provide Quantum Solutions
Multiverse Computing, a global leader in value-based quantum computing solutions, announces 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.
San Sebastián-based Multiverse Computing partners with Tech Mahindra to upscale path to quantum solutions
Multiverse Computing, a global leader in value-based quantum computing solutions, 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.
Unlocking Europe's Quantum Potential
The European Union (EU) stands on the leading edge of the quantum industry. This is one of the most promising industries of the future, with a projected market size of $106 billion by 2040. Yet its current global leadership position is under significant threat. As detailed by the European Quantum Industry Consortium (QuIC), the continued development and future competitiveness of the EU's quantum startups and scaleups are being imperiled by regulatory hurdles inherent in the financial models required by European funding institutions. These weaknesses jeopardize the unlocking of Europe's full quantum potential at a critical point in its evolution.
£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.
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.
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.
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
Multiverse Computing joins NATO Quantum Technology Workshop
NATO has identified quantum as a key emerging technology whose potential applications might enable Allies to extend their warfighting capabilities. The Quantum Technology Workshop took place in NATO HQ, on May 2023.
Multiverse Computing will be at the France Quantum 2023 Conference
We are excited to announce we are a partner for France Quantum's France Quantum 2023 Conference at STATION F on June, 13th!
Digital Twin Market Size Worth USD 270.06 Billion in 2032 - Emergen Research
Digital twins: A game changer for industries - learn how this disruptive technology is revolutionizing manufacturing, healthcare, and more.
Quantum Matters: Dystopia or utopia? Action needed on D&I in quantum
Article by Karina Robinson, Multiverse Computing's Senior Adviser, published on The Quantum Insider.
Multiverse Computing is joining the partner ecosystem of Eviden, an Atos business.
Alongside other innovation-driven Quantum players, like ColibrITD, QuantFI, QubitSoft, Qubit Pharmaceuticals and QuRISK, we are now integrated into Qaptiva™.
Enrique Lizaso re-elected as Treasurer at QuiC
Enrique Lizaso has been re-elected as Treasurer at European Quantum Industry Consortium (QuiC) at the General Assembly that took place on May 10th 2023.
Multiverse Computing's Recap
Multiverse Computing, the largest European Quantum Software company, has announced today his first quarter 2023 revenues, that reach € 4.1 million
How Finance Professionals are Using Excel for Quantum Computing
Multiverse’s SML Excel Add-in 2.0 Provides Quantum Solutions to Complex Machine Learning Problems
“Introduction to Tensor Networks for Machine Learning” - CUCO Project
In this workshop Saeed S. Jahromi, Research Scientist at Multiverse Computing, provides a high-level overview of tensor networks and their application in machine learning tasks such as classification.
Hannover Messe 2023: EIC innovators lead the way to Europe’s industrial transformation.
From 17 to 21 April 2023, EIC- funded SMEs, startups and scale-ups with extraordinary deeptech solutions, met in Hannover, Germany at Hannover Messe 2023 under EIC Overseas Trade Fairs (OTF) Programme 2.0. The world’s largest trade fair for industrial technology brought together more than 2500+ exhibiting companies, 650+ speakers and over 66 000+ visitors from 173 countries.
Multiverse Computing partners with the Basque Energy Cluster
Multiverse Computing is working on numerous projects for multinational Energy/Oil companies: - Smart Grids - Energy Forecast - Optimization Infrastructures Design - Suistainability Ecosystem
Multiverse Computing partners with UKQuantum
We are so excited to announce that we are now part of UKQuantum, the voice of the UKQuantum Industry, along with many other companies from the Quantum Industry.
‘Quantum Calculator’ Algorithm Tackles Optimization Problems
Multiverse Computing has demonstrated how quantum computers with few qubits can already implement arbitrary multidimensional function calculus in a remarkably efficient way.
More diversity and inclusion needed in quantum computing
After Jeremy Hunt’s Budget announcement of a 10-year programme to invest £2.5bn in quantum computing to keep the country at the forefront of a global industry, The Inclusion Initiative at LSE released a briefing which describes how firms can make sure that they embrace both Diversity & Inclusion for the betterment of their business.
Quantum Algorithms in Multiverse Computing's 'Singularity' Software
The application of quantum-based solutions can effectively tackle real-world complex problems, such as defect detection. Singularity, the flagship product of Multiverse Computing, allows professionals across different industries to leverage quantum computing using common software tools.
IESE Students Using Multiverse Computing Software to Explore Possibilities of Quantum Algorithms
PRESS RELEASE — Multiverse Computing, a leader in quantum and quantum-inspired software, today announced its software is being leveraged by IESE Business School in its Master in Management (MiM) program to demonstrate how quantum algorithms can solve problems more efficiently than classical algorithms.
The Business Case for Quantum Computing
Quantum computers may deliver an economic advantage to business, even on tasks that classical computers can perform.
Quantum Mechanics And Machine Learning: How To Solve Real-World Problems
Sam Mugel, Ph.D., is the CTO of Multiverse Computing, a global leader in developing value-driven quantum solutions for businesses.