Quantum News Briefs June 28: Multiverse Computing wins funding and 800,000 HPC hours to build LLM using Quantum AI • QpiAI closes $6.5 M Pre-Series A Funding led by Yournest and SIDBI Venture Capital to enable intelligence modeling and intelligence compute using quantum computers • QuSecure appoints Elizabeth Green as SVP for customers and ecosystems • Interview details how IBM is Developing The AI-Quantum Link

News Briefs:

Multiverse Computing wins funding and 800,000 HPC hours to build LLM using Quantum AI

Multiverse Computing, a global leader in AI and quantum software solutions, won funding and time on a supercomputer to build a large language model (LLM) for the Large AI Grand Challenge by AI-BOOST, an open challenge program designed to be a benchmark for the European artificial intelligence (AI) community, as per the June 27 news release.
AI Boost, funded by the European Commission, awarded Multiverse Computing 800,000 hours of compute time on a supercomputer to build and train an LLM from scratch using quantum and quantum-inspired technology.
The teams awarded in the Large AI Grand Challenge will have 12 months to develop a large-scale AI model with a minimum of 30 billion parameters and train it on one of Europe’s supercomputers. This award also represents a significative step-up of the efforts of the European Commission to apply quantum and quantum-inspired technology to the AI field, and in particular to LLMs. The Quantum AI field is getting more and more attention as it is perceived as a potential solution to the increasing demand for larger computational and energy resources in AI.
Multiverse Computing’s new CompactifAI software uses quantum-inspired techniques to make LLMs 95% smaller and 50% cheaper to train and run, while preserving high levels of accuracy.

QpiAI closes $6.5 M Pre-Series A Funding led by Yournest and SIDBI Venture Capital to enable intelligence modeling and intelligence compute using quantum computers

QpiAI, with headquarters in Bangalore, India and subsidiaries in US and Finland.announced its maiden external funding of $6.5 million to build Quantum computing and Generative AI products and platforms in a BusinessWire news release June 21.
With this funding, QpiAI will be implementing full stack 25 qubit Quantum computers that are scalable from 25 to 1000 physical superconducting qubits with the same infrastructure.
QpiAI will be aiming to increase revenues from software licensing of 7 software platforms: QpiAI-pro, QpiAI-explorer, QpiAI-opt, QpiAI-pharma, QpiAI-ML QpiAI-logistics and QpiAI-matter, which are based on Quantum computing and Generative AI technologies.
QpiAI is a revenue generating, enterprise focused technology startup and counts Fortune 500 companies globally as its customers in pharma, materials, chemical, cosmetics, automotive, financials and manufacturing.

QuSecure, Inc., a leader in post-quantum cryptography (PQC) enterprise software, today announced it has named Elizabeth Green as its Senior Vice President for Customers and Ecosystems, according to June 27 news release.
With extensive experience and proven record of accomplishment in driving commercial growth and go-to-market infrastructure environments, Ms. Green is poised to further drive QuSecure’s mission to deliver cutting-edge, crypto-agile, quantum-resistant cybersecurity enterprise platform software solutions globally.
Elizabeth Green brings over two decades of experience in the technology sector, most recently serving at Accenture as the Managing Director, Global Sales; and GTM Head, Emerging Cybersecurity Technology and Hybrid Cloud. Before that, she spent over 17 years with IBM in various sales and leadership roles. Ms. Green holds an MBA from the University of Phoenix, a MSA in Cybersecurity Operations and Leadership from the University of San Diego, and a BA in Communications from Michigan State University.

In Other News:

In Other News: Forbes interview details how IBM is Developing The AI-Quantum Link

IBM is considered the leader in the quantum computing segment with continued advancements in hardware, software, and systems technologies, and with development quantum computers already deployed around the world according to Forbes Contributor Jim McGregor. He goes on to write that IBM is also a leader in AI technology through its watsonx platform, which has logged many advances beginning with its Jeopardy game show win in 2011. Since then, watsonx has evolved to a scalable enterprise platform with the AI studio, data, governance, and assistant solutions. Now IBM is bringing the two technologies together to enhance quantum computing and accelerate its adoption as per the complete June 24 Forbes interview by Tirias Research and Contributor Jim McGregor.
In a recent discussion with IBM, the company outlined how it is integrating its AI technology into the Qiskit software to improve the ease of use of the SDK tools and OpenQASM3 (open quantum assembly language). IBM is using its watsonx generative AI platform, leveraging the company’s Granite AI model, to generate digital agents capable of providing developer support and quantum code assistance.
In addition, IBM is researching and developing new AI models to improve other critical aspects such as circuit optimization, resource management, and improved error suppression, mitigation, and correction.