Announcements



1QBit at Quantum Optimization Workshop

October 7, 2014

1QBit senior researcher Pooya Ronagh will be giving a presentation on October 28 at the Fields Institute titled “A branch and bound method based on Lagrangian relaxation and quantum annealing.” A method for dealing with inequality constraints in constrained binary quadratic programming problems will be proposed and explained.
Workshop schedule  |  Presentation abstracts

1QBit Welcomes General Manager

September 22, 2014

1QBit is thrilled to announce the appointment of Robyn Foerster as General Manager. Robyn, most recently General Manager of Capcom Game Studio Vancouver, brings with her extensive experience in operations, product development, project and team management, process improvement, and strategic and team leadership. We are fortunate to have her.

Robyn's track-record leading highly skilled teams of young technical workers to best-in-industry results on tight timelines is legendary in the Vancouver software industry. We are excited to bring her energy and experience to 1QBit.

Andrew Fursman, CEO and Co-founder of 1QBit

1QBit bio  |  Press release

CANARIE National Summit

September 8, 2014

1QBit Co-founder and CEO Andrew Fursman will give a presentation on September 17, 2014 in Toronto. Drawing on recent experiences as part of 1QBit and in the Vancouver technology start-up environment, the presentation will explore the costs and benefits for young technology businesses growing, and then remaining, in Canada.
Summit programme

1QBit at D-Wave Users Colloquium

September 6, 2014

1QBit will be presenting in the colloquium subtitled "Hard Computational Problems for the D-Wave Machine" on September 10, 2014. One of our senior researchers, Maritza Hernandez, will deliver a presentation on the classification of molecular compounds using a quantum computer.
Colloquium agenda

D-Wave Announces Partnerships

June 9, 2014

D-Wave announces two new partnerships as part of its application ecosystem. DNA-SEQ Alliance is highlighted along with 1QBit as companies developing software applications that take advantage of D-Wave’s unique quantum computing capabilities.
Full press release

Quantum computing will reach its full potential through collaborative partnerships with pioneering organizations like DNA-SEQ and 1QBit, who are working to solve incredibly complex problems. Combining our expertise and technology with experts in fields like cancer research and finance is starting to produce remarkable results.

Vern Brownell, CEO of D-Wave

1QBit bio  |  Press release

Exponential Finance Conference

April 21, 2014

1QBit is looking forward to presenting in the Networks and Computer Systems session on June 10, 2014. Come hear our Head of Research, Dr. Phil Goddard, discuss the application of quantum computers to solving large-scale optimization problems encountered in the finance industry.
Conference programme

Toronto Office Launch

April 4, 2014

1QBit is opening our second office as part of the OneEleven accelerator for high-tech entrepreneurship.
Opportunities at 1QBit

1QBit's Chair of the Board

February 23, 2014

1QBit is pleased to announce the appointment of David Roberts as Chair of the Board.
Board & Advisors

1QBit at NASA

January 27, 2014

1QBit joined researchers from NASA's Quantum Artificial Intelligence Laboratory (QuAIL) and the Universities Space Research Association (USRA) for a research sharing workshop. 1QBit and QuAIL each presented several ongoing projects for discussion.
QuAIL website

Scientific Advisor Announced

November 27, 2013

1QBit is thrilled to welcome Marcos López de Prado as Scientific Advisor.
Bio at Quantitative Research

Summit Europe Conference

November 16, 2013

1QBit CEO Andrew Fursman participated in the Exponential Companies Panel in Budapest, discussing businesses working with breakthrough technologies.
Summit Europe website

JP Morgan Conference

October 11, 2013

1QBit is proud to be co-presenting with D-Wave Systems, Inc. at the annual JP Morgan Equity Quantitative Conference in London, UK.
JP Morgan Equity Quantitative Conference summary

First 1QBit Patent

October, 2013

In early October, 1QBit filed a provisional patent for our Integer Optimization Toolbox. You can read an explanation of how it works in our Research Section.
Research

Founding of 1QBit

December 1, 2012

1QB Information Technologies (1QBit), the world's first dedicated quantum computing software company is founded. Working in partnership with D-Wave Systems, Inc., 1QBit is focused on solving challenging computational problems in finance by leveraging and expanding the abilities of groundbreaking hardware that harnesses the unique properties of quantum mechanics.
About Us

Media



New Superposition Records

October 12, 2014

Two distinct types of qubits, representing two pathways for building a quantum computer in silicon, have been created that process quantum data with error rates lower than 1%. One team from UNSW Australia made a silicon “artificial-atom” qubit with a device similar to the transistors in consumer electronics, while another from the same University has achieved an accuracy approaching 99.99% with a two-qubit phosphorus atom. The phosphorus atom’s nucleus was able to store quantum information for an entire 30 seconds; the longer the coherence time, the more complex calculations can be.

Preserving a "quantum superposition" for such a long time, and inside what is basically a modified version of a normal transistor, is something that almost nobody believed possible until today.

Andrea Morello, Associate Professor, UNSW Australia School of Electrical Engineering and Telecommunications

Phys.org (formerly Physorg.com) article

CME Group on Investing in Tech Startups

October 7, 2014

The Chicago Mercantile Exchange’s Mark G. Fields, managing director—strategic investment group, answers questions about its startup-focused fund Liquidity Ventures 1 LLC, its investment profile, and innovation strategy. 1QBit and Wickr, a company that provides military-grade encryption on a P2P basis, are mentioned as two companies with investments from CME.

We have invested in a company that’s got access to [D-Wave Systems’ quantum computer] and is writing software that’s hopefully going to help solve portfolio optimization and risk management problems that financial services firms face and do it at quantum speed.

Mark G. Fields, managing director—strategic investment group, CME

Chicago Tribune article

D-Wave CEO on Quantum Computers’ Role in Finance and Drug Discovery

October 4, 2014

Vern Brownell, CEO of D-Wave Systems, answers questions about its customers and quantum machines’ readiness for real-world applications. Brownell highlights 1QBit’s work exploring and developing these applications and DNA-Seq’s efforts in cancer therapy are also lauded.

1QBit was started to use our quantum computer for financial services. They have 20 PhDs developing algorithms in portfolio optimization and things like that. If they find the amazing algorithm that is going to make tons of money for Wall Street traders, it’s their intellectual property, not ours.

Vern Brownell, CEO of D-Wave

MIT Technology Review article

CNN Talks Supercomputing and Finance

October 3, 2014

In CNN's story on portfolio optimization and risk management problems being "huge workloads” on Wall Street, D-Wave points to other areas of finance that could reap the rewards of quantum computing: developing trading strategies, mapping market correlations, pricing structured asset-backed securities, and capital project budgeting.

1QBit [is] building financial algorithms with quantum computing and “making good progress."

Vern Brownell, CEO of D-Wave, in CNN article

CNN article

Quantum Computing and Cryptography

September 30, 2014

Brad Templeton, Board Member and Former Chair of the Electronic Frontier Foundation and the Track Chair for Computing at Singularity University, discusses the implications of a theoretical quantum computer that could crack current cryptographic methods by quickly solving the extremely difficult mathematical problems involved. Templeton notes that while D-Wave’s machines focus on solving optimization problems, making them attractive to business and big data, the NSA’s interest is in a different hypothetical quantum computer of the cryptography-cracking variety.
The Big Think article

Ars Technica on D-Wave's Smoking Gun

June 11, 2014

Ars Technica reports on new studies showing entanglement in D-Wave computers, and the next step of scaling the number of qubits.
Ars Technica article

Time Magazine's Infinity Machine

February 17, 2014

Time Magazine publishes a cover story on D-Wave's approach to quantum computing.
Time Magazine article

Lockheed Martin on Quantum Computing

February 18, 2013

Lockheed Martin describes the potential of quantum computers to solve optimization problems.
Lockheed Martin video

Google and NASA's Quantum A.I. Lab

October 11, 2013

Google has released a video about their lab that provides a great introduction to the concepts involved in quantum computing.
Google video