Quantum AI is an advanced technology that combines the abilities of quantum computing and AI to resolve complex issues faster and more efficiently and achieve results that conventional computers cannot. It uses quantum computing to develop new AI models and algorithms, enabling us to analyze massive volumes of data quickly. Although AI has made considerable progress, its application is limited. Quantum computing can help overcome these challenges and attain artificial general intelligence. Thus, existing challenges faced in AI development can be addressed easily by deploying quantum AI. For instance, quantum AI has the potential to develop more compliant learning modules and enhance cognitive ability. This is expected to serve as an ideal solution for the advent of next-generation AI.
Request for Sample PDF: https://www.alliedmarketresearch.com/request-sample/A323739
Revealing how Quantum AI is Fundamental in Real-world Applications
According to Allied Market Research, the quantum AI market is estimated to generate a revenue of $3.9 billion by 2032 from $0.2 billion in 2023, reaching a CAGR of 36.6% from 2024 to 2032. Quantum AI offers several benefits, including solving complex problems quickly, processing large datasets efficiently, learning faster, and enhancing data security. These benefits make it highly applicable across industries like healthcare, banking, financial services, and insurance, cybersecurity, and materials and chemicals. For instance, Quantum AI plays a significant role in the field of drug discovery. It facilitates easy identification of new molecules to develop potentially effective therapeutics. This can be achieved by modelling molecular interactions with the help of quantum simulations, which is expected to be more accurate and faster than traditional computers, thereby resulting in faster drug development and discovery. The partnership between Google and the leading European pharmaceutical company, Boehringer Ingelheim, is the most renowned example in quantum computing-led drug discovery.
Another prominent example is the collaboration of Cambridge Quantum Computing and Swiss pharmaceutical giant, Roche. The partnership focuses on using Cambridge Quantum Computing’s EUMEN platform for quantum chemistry. The EUMEN platform deploys noisy-intermediate-scale-quantum algorithms, which Cambridge Quantum Computing and Roche develop for early-stage drug discovery and development. This approach is expected to accelerate the Alzheimer’s research efforts of Roche, mainly in identifying potential drug candidates. This serves as the most promising development in the field of drug discovery.
Furthermore, quantum AI serves as an essential tool in cybersecurity and encryption. This is attributed to the fact that quantum AI-powered machine learning algorithms detect cyber threats in real time by analyzing a massive volume of datasets to identify anomalies, which conventional techniques might miss. Moreover, the speed of quantum AI can easily prevent cybercrime and protect the digital landscape. Companies such as Arqit, IBM, and Google are developing AI-driven quantum-resistant encryption techniques to safeguard sensitive information from future cyber threats.
On the other hand, some financial institutions are increasingly deploying quantum AI for fraud detection, wealth management optimization, and risk assessment. For instance, giants such as Goldman Sachs and JPMorgan Chase are testing quantum algorithms for financial operations like assessing risk analysis and option pricing with higher accuracy. Furthermore, quantum AI helps create advanced materials, like quantum batteries, which store more energy and last longer than regular batteries. Thus, the potential of quantum AI is making it an ideal solution for use across a range of industries and is expected to witness rapid penetration in the coming years.
Get a Customized Research Report: https://www.alliedmarketresearch.com/request-for-customization/A323739
Arqit, Fortinet, and BT Introduced Quantum-Safe VPN
On December 14, 2023, Arqit Quantum Inc., a leading provider of quantum-safe encryption solutions, BT Group, one of the world’s foremost fixed and mobile communications providers, and Fortinet, a prominent cybersecurity company, planned to launch a quantum-safe virtual private network (VPN) communication system. This system integrates Fortinet FortiGate Next-Generation Firewalls with Arqit’s NetworkSecure™ Fortinet adaptors and Symmetric Key Agreement Platform. This technology creates and rotates on-demand symmetric encryption keys to secure VPN links, which protect against current cyber threats and future quantum-based attacks. The solution is now commercially available for customers in the UK and the EU.
The deployment of quantum AI is increasing considerably due to its wide range of benefits. Not only does the technology drive drug development and aid in formulating new materials, but it also mitigates the risk of cybercrime and improves financial operations. As a result, many tech giants and start-ups are heavily investing in developing quantum AI-powered solutions that will enhance computational efficiency and solve complex problems, thus surpassing the capabilities of conventional computing.
Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/A323739
About US:
Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports consider significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on analyzing high-tech and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.
Contact US:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int’l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
[email protected]
