Announcements



1QBit Awarded as Technology Pioneer by World Economic Forum

August 5, 2015

1QBit is thrilled to be recognized by the World Economic Forum's Technology Pioneer award. The only Canadian company to receive the honour, 1QBit was chosen by a selection committee that includes academics, entrepreneurs, venture capitalists, and corporate executives, based on criteria that include innovation, potential impact, working prototype, viability, and leadership. As a member of the World Economic Forum, 1QBit will have access to the most influential and sought-after business and political network in the world, and be invited to the World Economic Forum’s “Summer Davos” in Dalian, China this September, and the January Annual Meeting in Davos.
Official press release

1QBit’s Job-Shop Scheduling Paper Co-authored with NASA Presented at AQC 2015, Published

June 30, 2015

1QBit is pleased to be taking part in the Fourth Conference in Adiabatic Quantum Computing this week in Zurich. Our own Dominic Marchand has co-authored a paper with Davide Venturelli from the Quantum Artificial Intelligence Lab at NASA, titled Quantum Annealing Implementation of Job-Shop Scheduling, which was presented yesterday by Mr. Venturelli and was published today on the arXiv. The official press release is linked below.

The job-shop scheduling paper co-authored with NASA and presented yesterday is more of the same quality results we have come to expect from 1QBit and our world class partners. As 1QBit continues to grow, we find ourselves deepening our research and industry relationships in pursuit of optimization software breakthroughs powered by quantum systems. This is an exciting time for quantum computing and this work will continue within both 1QBit and NASA's Quantum Artificial Intelligence Lab.

Andrew Fursman, CEO and Co-founder, 1QBit

Official press release | arXiv preprint | AQC 2015 website

New Board Member Appointed

June 11, 2015

1QBit is pleased to welcome Bluford (Blu) Putnam to the Board of Directors. Blu is CME Group's Chief Economist and Managing Director of the Strategic Intelligence & Analytics team. He has more than thirty-five years of experience in the financial services industry, with concentrations in central banking, investment research, and portfolio management.

CME and 1QBit are continuing to deepen our collaborative relationship. 1QBit's appointment of Blu to the Board of Directors recognizes the strong contribution CME has made to 1QBit's growth, and Blu's leadership of CME's intelligence and analytics team makes him a natural connection point between our two organizations. We are honoured to gain Blu's experience and insight and look forward to bringing 1QBit's expertise deeper in the Chicago Mercantile Exchange Group.

Andrew Fursman, CEO and Co-founder, 1QBit

Board & Advisors  |  Bio at CME Group

1QBit in Branham300's Top 25 Canadian Up and Coming ICT Companies

April 22, 2015

1QBit is honoured to be selected for Branham Group's Top 25 Canadian Up and Coming ICT Companies in their annual Branham300 list.
List website

Ontario Centres of Excellence’s Discovery

April 11, 2015

1QBit will be attending Discovery, Canada's leading innovation-to-commercialization conference, hosted by Ontario Centres of Excellence. On April 27, Chair of the Board David Roberts will be speaking about the patterns of disruptive technology and how it can solve some of the world's most intractable problems. The following day, 1QBit CEO Andrew Fursman will be discussing the future of computing and the research being done to answer these intractable computational problems.
Conference website  |  Programme

1QBit at Wired for Wonder

October 31, 2014

1QBit CEO Andrew Fursman will be giving a keynote presentation at Wired for Wonder on November 27 titled "Supercomputing with Superpositions: How the spookiest concepts of science can solve the worlds hardest problems." He will also be participating in a debate titled "Identity with Privacy – The Perks and Perils of Openness."
Presentation video  |  List of speakers  |  Program

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.
Presentation video at Fields Institute  |  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, 1QBit

Official press release | 1QBit bio

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.

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, D-Wave Systems

Official 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.
Presentation video   |   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  |  Bio at Singularity University

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. Our Head of Research and co-founder Dr. Phil Goddard, along with Murray Thom, a research engineer from D-Wave, are giving a presentation titled "Implementing Financial Algorithms on an Adiabatic Quantum Computer."
Conference summary   |  Conference agenda

First 1QBit Patent

October, 2013

In early October, 1QBit filed a provisional patent for our Integer Optimization Toolbox, an approach to the problem of minimization of a low-degree polynomial over an integer lattice that can, in theory, be used for arbitrarily large polynomials with a large enough quantum annealing oracle. 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 and Other News



UBC’s Quantum Matter Institute awarded $65.5 million

July 30, 2015

The University of British Columbia's (UBC) Quantum Matter Institute is the recipient of a $65.5-million investment from the Canada First Research Excellence Fund. The investment will enhance UBC's standing as a global leader in quantum matter research and help connect research with industry, according to a press release issued today.
Press release

D-Wave Systems Breaks 1000-Qubit Milestone

June 22, 2015

D-Wave Systems announced today a new processor that can consider 21000 possibilities simultaneously, a search space that contains far more possibilities than the number of particles in the observable universe. Other significant scientific and technological achievements include a lower operating temperature, reduced noise, and increased control circuitry precision.

Breaking the 1000-qubit barrier marks the culmination of years of research and development by our scientists, engineers, and manufacturing team. It is a critical step toward bringing the promise of quantum computing to bear on some of the most challenging technical, commercial, scientific, and national defense problems that organizations face.

Vern Brownell, CEO, D-Wave Systems, in press release

Press release  |  D-Wave blog post

1152-qubit Quantum Annealing Processor Coming in March

January 31, 2015

The "Washington" processor boasts 1152 qubits, among other improvements.

We have...lowered the noise and stretched the energy scale of the qubits (making them inherently more quantum mechanical), and we have strengthened our ability to create chains of qubits (making it easier to program the processor by locking qubits together to change the effective topology of the chip)...We are seeing some very exciting performance from the new processor.

Dr. Colin P. Williams, Director of Business Development and Strategic Partnerships for D-Wave Systems, in Nextbigfuture interview

Nextbigfuture article

Quantum Thinking: Cats to Computers

January 26, 2015

BBC Newsnight's David Grossman provides a good introduction to quantum computing titled "Quantum thinking: Cats to computers".
Interactive SWF video  |  BBC News article

The Quantum Revolution

January 23, 2015

CBC News asks, "What is the most common misconception about quantum computing?"

People think it’s going to happen 30 or 50 years from now, but it’s going to happen much faster than this. The quantum revolution is happening now. It’s not something of the future.

Raymond Laflamme, Executive Director, Institute for Quantum Computing

CBC News article

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’s 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, D-Wave Systems

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, D-Wave Systems, 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