Quantinuum, Mitsui develop quantum computing use cases for Japan and APAC
Quantum computing continues to gain momentum globally as more organizations look to test out potential use cases. While China and US have been dominating development in the quantum computing industry, other countries around the world have also been increasing their R&D investments and practical applications.
Apart from China, Japan and Singapore have been at the forefront of quantum computing in Asia. Singapore in particular aims to build its own quantum computer in the near future with the hopes of gaining first-hand experience with the technology.
In Japan, the development of quantum computing has also seen universities working with tech companies to test use cases and develop the field. Adding to this is a new partnership agreement between Mitsui & Co with Quantinuum, a leading quantum computing company, to deliver quantum computing in Japan and the APAC region.
Quantinuum will collaborate with Mitsui to develop quantum computing use cases which are expected to drive significant business transformation and innovation in the future. Both companies will accelerate collaboration, cooperation, and the development of new business models. They will jointly pursue quantum application development and provide value-added services to organizations working across a variety of quantum computing domains, which is expected to be worth US$450B – US$850B worldwide by 2040.
According to Yoshio Kometani, the Representative Director, Executive Vice President and Chief Digital Information Officer of Mitsui & Co, by combining Quantinuum’s cutting-edge quantum computing expertise and diverse quantum talents with Mitsui’s broad business platform and network, both companies will work together to provide new value to customers, creating new business value in a wide range of industrial fields.
For Ilyas Khan, Founder and CEO of Quantinuum, the alliance between Mitsui and Quantinuum demonstrates “our shared commitment to accelerating quantum computing across all applications and use cases in a diverse range of sectors, including chemistry, finance, and cybersecurity. Today’s announcement reinforces our belief in the global quantum leadership shown by corporations and governments in Japan, pioneered by corporate leaders like Mitsui.”
The strategic partnership will see the joint development of business use cases and business models utilizing the technology. This includes the pharmaceutical, materials development, energy, mobility, and logistics sectors. Both companies will also market development through dissemination of tech knowledge, and also look to introduce Quantinuum’s quantum computing solutions to the Japanese and Asia-Pacific markets.
Apart from that, there will also be a focus on quantum cybersecurity and various optimization applications using quantum computers as well as quantum natural language processing and artificial intelligence.
Quantinuum has already achieved several accomplishments since its formation. This includes the announcement of Quantum Origin, the world’s first commercial cybersecurity product that uses a quantum computer to do something impossible on a classical machine. In May 2022, the company launched InQuanto, a state-of-the-art quantum computational chemistry software platform using quantum computers.
In August 2022, Quantinuum succeeded in entangling two logical qubits in a fault-tolerant quantum circuit for the first time using real-time quantum error correction, an important step toward realizing a fully fault-tolerant quantum computer. Quantinuum also announced the achievement of QV8192, the world’s highest quantum volume in the gated ion trap quantum computer System Model H-1, Powered by Honeywell.