1. CHEMICAL SIMULATION

In the field of chemical simulation, quantum computing has the potential to vastly improve the process and bring several benefits.

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Scientists could possibly explore larger and more complex molecular structures using this increased computational power, allowing them to achieve more accurate and detailed simulations of chemical systems due to the exponential complexity of the quantum world, which classical computers have difficulty simulating accurately.

Quantum chemical simulations employ a variety of methods ranging in accuracy and computational cost. Here are examples of three of them:

• The Density Functional Theory (DFT) determines the electronic density rather than the wave function and is a widely used method. This algorithm offers a good balance between accuracy and computational cost, and it is capable of handling large systems as well.
• The Hartree-Fock (HF) Theory approximates electron-electron interactions and solves the Schrödinger equation for average electron behaviour. Despite its usefulness for more advanced calculations, it neglects electron correlation effects.
• Another to mention is the Post-Hartree-Fock Method, which goes beyond the Hartree-Fock approximation to include electron correlation effects more accurately. Examples include configuration interaction (CI), coupled cluster (CC), and multi-configuration self-consistent field (MCSCF) methods.

2. OPTIMIZATION

As a result of quantum technology, route planning and logistics are also being transformed. Using quantum computers could help reduce freight transportation costs and boost customer satisfaction significantly by supporting global routing optimization and frequent re-optimizations.

In the field of quantum optimization, the Quantum Approximate Optimization Algorithm (QAOA) has become one of the most well-known algorithms. In QAOA, classical optimization techniques are combined with quantum computing to arrive at approximate solutions to optimization problems.

Quantum Annealing (QA) is another approach that uses quantum fluctuations to find optimal solutions at low energy levels. The Quadratic Unconstrained Binary Optimization (QUBO) problem and the famous NP-hard Ising model are particularly useful applications of QA.

3. MACHINE LEARNING

One more that is important — and now pertinent since the appearance of ChatGPT late last year — is quantum computing’s possible contribution to the development of next-generation artificial intelligence (AI), though it is still disputed whether QML will have any advantage at all.

The ability to handle complexity and keep possibilities open is a clear advantage for status-quo machine learning (ML), which is often hindered by a limited scope, an inability to adapt to new situations and a lack of generalization abilities. With that said a quantum computer could enable the development of artificial general intelligence (AGI), though there are some who see this as an ultimate danger.

In a tweet last month, Nick Farina, the CEO of EeroQ, wanted to know whether “QC will ever be commercially useful for AI”. He, himself, can’t find evidence. The replies from two experts were interesting:

“The most compelling demos of potential advantage all involve QML applied to quantum data. That means we’d have to consider keeping “Data in the Quantum Domain” — quantum sensors with coherent outputs coupled to QCs using coherent comms. Possible & exciting, but a far future.”

— Michael Biercuk

“QC is generally very good at the underlying maths, so you would expect a large advantage for some problems if you can successfully implement QRAM.”

 — Joe Fitzsimons

What Do the Experts Think?

JOHN PRESKILL’S STANCE

John Preskill, an American theoretical physicist and the Richard P. Feynman Professor of Theoretical Physics at the California Institute of Technology, as well as the Director of the Institute for Quantum Information and Matter, said in an interview for the Caltech Science Exchange:

“The hype is natural in a way. Everybody understands that computation is important, that it affects our daily lives, that it has economic value. We’ve seen in recent years a sharp ramping up of interests in the tech industry and from investors in quantum computing. That’s a good thing in some ways. It accelerates progress and provides opportunities for people to work in the field. But we should be realistic about the timescale for quantum computing having a big practical impact. And we should also appreciate that quantum computers probably won’t be able to speed up everything we want to do with computers but will apply to a special class of problems — and we still have only a partial understanding of what those problems are. We’ll understand it better when we have quantum computers and can experiment with them.”

ILANA WISBY’S STANCE

In an interview with Silicon Republic in 2021, Ilana Wisby, founding CEO of Oxford Quantum Circuits, stated that

“The power of quantum computing will enable us to transform the modern laboratory through massively enhanced material modelling and discovery, providing tremendous impact and innovation in enabling drug discovery, developing new battery technologies and so much more.

Quantum computing has the potential to reshape the world as we know it: revolutionizing businesses, trailblazing new approaches in all sorts of fields, and solving some of the world’s most intractable problems.”

CHRISTOPHER SAVOIE’S STANCE

Christopher Savoie, meanwhile, Co-founder and CEO at Zapata Computing, said in an interview with the University of Rhode Island Magazine:

“Quantum computing could lead to 100 percent-efficient fuel cells, sweeping advances in drug discovery and personalized medicine, and possibly even a catalyst for removing pollution from the air.”

Where Is Quantum Computing Heading?

We are still in the early stages of quantum computing hardware development. In the near future, quantum computing hardware (as well as software) will likely be very different from what it is today. For one, a high level of parallelization (as parallel operations are crucial to correct errors) and scalability will be required. We will also need to consider storage errors, which affect qubits that are not being acted upon by the gates, in addition to errors introduced by the quantum gates themselves.

Difficult? Are these problems insurmountable? No, but it sure will be hard yet the only way to improve upon where we are currently.

take from : https://thequantuminsider.com/