{"id":3690320,"date":"2024-07-02T08:52:08","date_gmt":"2024-07-02T12:52:08","guid":{"rendered":"https:\/\/zephyrnet.com\/quantum-news-briefs-july-2-post-quantum-selected-for-nists-national-cybersecurity-center-of-excellence-quantum-migration-project-governor-polis-announces-major-win-for-colorado-wit\/"},"modified":"2024-07-02T08:52:08","modified_gmt":"2024-07-02T12:52:08","slug":"quantum-news-briefs-july-2-post-quantum-selected-for-nists-national-cybersecurity-center-of-excellence-quantum-migration-project-governor-polis-announces-major-win-for-colorado-wit","status":"publish","type":"post","link":"https:\/\/zephyrnet.com\/quantum-news-briefs-july-2-post-quantum-selected-for-nists-national-cybersecurity-center-of-excellence-quantum-migration-project-governor-polis-announces-major-win-for-colorado-wit\/","title":{"rendered":"Quantum News Briefs July 2: Post-Quantum selected for NIST\u2019s National Cybersecurity Center of Excellence Quantum Migration Project \u2022 Governor Polis announces major win for Colorado with $40.5 M Tech Hub funding for Quantum \u2022 LightSolver selected by Airbus and BMW Group as a finalist in quantum computing challenge \u2022 Sandia highlights quantum computers\u2019 superior memory efficiency in math problems – Inside Quantum Technology","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
News Briefs:<\/strong><\/em><\/p>\n Andersen Cheng, Executive Chairman, Post-Quantum commented: \u201cOur priority over the last few years has been on accelerating real-world implementations.The NCCoE project brings together experts from industry, government, and academia to address the real-world needs of securing complex IT systems and protecting the nation\u2019s critical infrastructure. Participants include Palo Alto Networks, Amazon Web Services (AWS), Cisco, Microsoft and VMWare as well as other vendors who are sharing their expertise in planning for and implementing post-quantum cryptographic algorithms.\u201d<\/p>\n LightSolver<\/a>, creator of a new laser-based computing paradigm, today announced its selection as a finalist for the Airbus and BMW Group Quantum Computing Challenge (ABQCC) according to the July 1 news release<\/a>. The challenge seeks to accelerate progress in leveraging quantum and quantum-inspired technologies for industrial applications.Post-Quantum selected for NIST\u2019s National Cybersecurity Center of Excellence Quantum Migration Project<\/b><\/h3>\n
The National Institute of Standards and Technology (NIST) established a consortium of organisations as part of its National Cybersecurity Center of Excellence (NCCoE) \u201cMigration to Post-Quantum Cryptography (PQC)\u201d project<\/a>. Today, Post-Quantum, the oldest specialist PQC firm in the world, has been selected to be a part of the project, supporting it in developing tangible PQC implementations and use cases, as per the July 2 news release.<\/a>
Post-Quantum\u2019s selection will see the company playing a central role in:<\/p>\n\n
Governor Polis announces major win for Colorado with $40.5 M Tech Hub funding for<\/strong> Quantum<\/strong><\/h3>\n
Governor Polis and the Colorado Office of Economic Development and International Trade (OEDIT) announced that Elevate Quantum (EQ) was selected for $40.5 million in funding by the Economic Development Administration (EDA) as part of its Phase 2 Tech Hub grant funding as per the July 2 news release. EQ \u2014 a consortium of private and public sector organizations, academic institutions and nonprofits across Colorado, New Mexico, and Wyoming \u2014 was among the 31 Tech Hubs designated<\/a> by the Biden Administration in October 2023.
Governor Polis recently signed bipartisan legislation<\/a> investing an additional $74 million in the quantum industry\u2019s development, including $44 million in refundable tax credits to help fund a shared quantum research facility and $30 million for a loan loss reserve to create greater access to capital for small and medium Colorado quantum companies. Establishing Colorado as the global hub for quantum computing is projected to create more than $1 billion in economic impact statewide and initiatives made possible by the funding announced today are expected to create over 10,000 jobs. Colorado is shovel-ready for scaling from today\u2019s thousands of quantum jobs to tens of thousands in less than five years. Colorado is already home to the largest consortium of quantum organizations in the country.<\/p>\nLightSolver selected by Airbus and BMW Group as a finalist in quantum computing challenge<\/h3>\n
LightSolver will use its laser-based computing system, which harnesses the unique properties of light to provide high-performance computing power capable of solving complex computational problems. Mimicking some quantum effects, the system scans multiple possibilities at once. Processing in parallel, it overcomes the performance barriers of electronics to execute mathematical operations at unprecedented speed, challenging its quantum and supercomputer counterparts.<\/p>\nSandia highlights quantum computers\u2019 superior memory efficiency in math problems<\/h3>\n
Theoretical computer scientists at Sandia National Laboratories<\/a> and Boston University<\/a> have discovered that quantum computers are unrivaled at solving an advanced math problem according to June 1 news release<\/a>. Unusually, they proved quantum computers are not faster than regular computers; instead, they use far less memory.
The revelation upends the conventional wisdom that the value of a quantum computer is that it can solve certain problems much faster than a normal one. It could also help researchers find more real-world uses for the rapidly advancing tech.
\u201cThis is the first exponential quantum advantage for a natural streaming problem,\u201d said Sandia\u2019s Ojas Parekh, a member of the team.<\/p>\n