Qu&Co and Pasqal are two quantum startups that have merged to promise 1,000 qubits by 2023

While hardware companies use neutral atom designs, algorithm experts incorporate quantum algorithms into existing software systems.

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Pasqal has combined its Neutral atom-based hardware with Qu&Co’s algorithm portfolio to launch a combined quantum computing company based in Paris with operations in seven countries. Tuesday, January 11, 2011, was the date of the announcement by both companies.

Pasqal also revealed that the company will deliver a 1000-qubit quantum solution by 2023. IBM’s quantum roadmapAlso, in 2023, there will be a milestone of 1,000 qubits. The combined platform will be available through the cloud to clients that include Johnson & Johnson, LG, Airbus, BMW, EDF, Thales, MDBA and Credit Agricole CIB.

Georges-Olivier Reymond, CEO of Pasqal, will keep the lead job in the combined company, while Benno Broer, CEO of Qu&Co, will be the chief commercial officer. Broer is also the vice president for the European Quantum Industry Consortium.

Broer released a statement saying that Pasqal’s neutron atom technology proved to be the best for real-world applications in quantum computing. “We were impressed at the performance of our algorithms using their hardware.”

SEE: Gartner anticipates another 10 years of quantum hype, but CIOs should use cases immediately. (TechRepublic)

Gartner Research vice president Chirag Dekate stated that Pasqal is noteworthy because of its innovative neutral atom-based quantum technology. 

According to him, “Most clients we have worked for often explore a combination quantum annealing and superconducting gates, trapped ion and photonics based systems depending upon their use case mix.” “Pasqal + Qu&Co enables a richer vendor option space, where enterprises can tap into a new innovation stream based on neutral-atom semantics.”

Pascal’s technology controls neutral Atoms, which have the same number of electrons as protons. It uses optical “tweezer” to control them and laser light to create full-stack processors with hundreds of atomic qubits. According to the company, its software-agnostic quantum processor units can operate at room temperatures with lower energy requirements. 

Qu&Co’s algorithms are built for computational finance, fluid dynamics and chemistry. As a backend integration to existing software, the team offers SaaS products that include its patented quantum algorithms.

Dekate sees many more mergers and acquisitions in the industry’s highly fragmented future. 

“These industry realignments might comprise hardware and software companies or major communications services providers acquiring hardware/software/services companies to accelerate revenue capture and possible integration of systems and services companies in quantum computing,” he said. 

Dekate suggests that enterprises clients be skeptical of cloud providers and quantum computing vendors that claim to offer business value capture in near-term.

 “We anticipate that vendor hype around polynomial-speedup algorithms will likely result in an initial wave of enterprise client disappointments, potentially creating negative growth vectors for the quantum computing market,” he said. 

Pascal announced a collaboration between NVIDIA and Pascal in December. The Quantum Computing Center of Excellence will be home to 10 NVIDIA DGX 100 systems, NVIDIA IncogniBand networking, and a cluster of NVIDIA DGX 1000 systems. Pasqal is a member the NVIDIA Inception Program that supports startups.

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