Quantum computing on the verge of transformation: Riverlane promises a million error-free operations

Sections: Electronics and optics, Status and prospects, New development

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Image source: Riverlane

Tech Giants invest in Quantum Computing: Riverlane offers a bug-fixing solution

Quantum computing, which promises revolutionary breakthroughs in drug development, combating climate change and other areas, is gaining momentum in the English city of Cambridge. Steve Brierley, founder of Riverlane, predicts that within a few years the technology will lead to a breakthrough similar to the launch of the first artificial Earth satellite.

Quantum computing will not just be a little better than previous computers, it will be a huge step forward," he said.

Riverlane manufactures the world's first dedicated quantum decoder chip, which detects and corrects errors that hinder the development of technology.

Creating devices that match the incredible promise of this technology requires a drastic change in scale and reliability, and this requires reliable error correction schemes," explained John Martinis, former head of quantum computing at Google Quantum AI.

As a sign of confidence in Riverlane's work and the sector as a whole, the company announced the raising of $75 million in Series C financing.

Over the next two to three years, we will be able to create systems capable of supporting a million error-free operations," said Earl Campbell, vice president of quantum science at Riverlane.

This is the threshold at which a quantum computer will be able to perform certain tasks better than conventional computers.

Quantum computers are "really good at simulating other quantum systems," Brierly explained. This could open the door to creating revolutionary medicines, increasing the efficiency of fertilizer production and creating much more efficient batteries - important tools in the fight against climate change.

The amount of information that quantum computers can process increases exponentially with increasing machine scale compared to conventional computers.

I think most people are more familiar with exponential growth after COVID, so we know how fast something exponential can spread," Campbell said.

In traditional computers, data is stored in bits, each of which can take the value 0 or 1. Quantum bits, or qubits, can store all values from 0 to 1, but they are very susceptible to errors created by noise. Solving this problem is "the key to discovering useful quantum computing," Brierly said.

Technology giants such as Google, IBM, Microsoft and Amazon are investing huge sums in creating qubits and in attempts to reduce the number of errors.

This is similar to how an SSD memory card works. It consists of faulty components with active error correction on top," Brierly said.

According to Brierley, while modern quantum computers can only perform about 1,000 operations before they are overwhelmed by errors, the quality of real components has "reached a point where physical qubits have become good enough."

So it's a very exciting time. Now the challenge is to scale up and add bug fixes to the systems," he added.

Such progress, as well as the potential of quantum computing to crack all existing cryptographs and create new efficient materials, are prompting regulators to act.

We definitely have a hard time figuring out what's going to happen next in technology. It is very important to learn from the experience of AI, not to succumb to surprises and think in advance about what the consequences will be. I think that eventually regulation of quantum computing will be introduced, because it is a very important technology. And I think this is a technology that no government wants to be second to," Brierly said.

All photos: Riverlane

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