The Age Of Commercial Quantum Computing.
There is another very disruptive area of study that is quietly moving from the science fiction and research stage to be a that of a real technology with huge commercial potential. That area is quantum physics or quantum mechanics. In fact, the behavior of quantum particles is so strange that most people have a hard time even grasping the concepts. At the quantum level, our view of the world becomes very challenged.
Researchers are interested in quantum mechanics for a variety of applications but foremost it being studied to harness quantum phenomenon to create a working quantum computer. If successful this science may usher in a new age of computing that when coupled with even the current state of Artificial Intelligence technology will change the world.
Of course, there are so many compelling reasons to pursue this level of artificial brain power but really we need to proceed in a planned and careful way.
Quantum theory attempts to explain the nature and behavior of matter and energy on the atomic and subatomic level
Quantum computing studies computation systems (quantum computers) that make direct use of quantum-mechanical phenomena, such as superposition and entanglement, to perform operations on data. Quantum computers are different from binary digital electronic computers based on transistors.
Q-Ctrl Pty Ltd, the first spin-off company from the University of Sydney’s Quantum Science Group, has been established with the support of Australian and international venture capital.
Professor Michael J. Biercuk is transitioning from quantum physicist to CEO of Q-Ctrl, a start-up that will provide solutions to stabilize quantum technologies. He will jointly hold positions in the company and University.
“We aim to become the trusted provider of quantum control solutions for all quantum technologies,” he said.
The Vice-Chancellor and Principal of the University of Sydney, Dr Michael Spence, said:
This is what our University is all about: investing in people and in fundamental research that can become the real-world solutions for tomorrow.
Q-Ctrl has attracted multimillion-dollar investments from both Main Sequence Ventures – the manager of CSIRO’s innovation fund – and an international venture capital firm.
“Quantum technology, harnessing the strangest effects in quantum physics as resources, will be as transformational in the 21st century as harnessing electricity was on the 19th,”
Professor Biercuk said. A recent Morgan Stanley report said the quantum economy was set to double to $10 billion in the next decade.
Quantum computing in particular promises to totally upend the way we process information, rendering previously uncomputable problems manageable – from the chemistry underpinning pharmaceutical discoveries to major challenges in codebreaking and materials science.
Phil Morle, the partner at Main Sequence Ventures, said:
Quantum computing is an unstoppable new industry that Main Sequence Ventures wants to foster. Deep tech founder Michael Biercuk is developing solutions that will accelerate the development of this global industry, and we are proud that the company will be Australian.