No-frills tech news

Which Bitcoin Wallets Are at Risk From Quantum Computers? 6.9 Million BTC Have Exposed Keys

Google Quantum AI’s March paper found about 6.9 million Bitcoin in addresses where the full public key is already visible on-chain, exposed to what researchers call an at-rest attack. Every standard Ethereum account publishes its public key the first time it signs a transaction, and most active balances already have. Taproot outputs, Bitcoin’s newest common format since November 2021, put the public key on-chain by design and carry the exposure from creation. 1.7 Million Bitcoin Locked in Keys Nobody Can Move UVL / Shutterstock.com Coinbase’s Independent Advisory Board on Quantum estimates about 1.7 million Bitcoin across roughly 20,000 early P2PK keys are Satoshi-era or otherwise lost. No deadline risks theft by whoever builds the first capable quantum computer, and 1.7 million coins arriving on exchanges at once.

BigBear.ai vs. IonQ: Weighing Whether to Invest in the Artificial Intelligence Company or the Quantum Computing Giant

Choosing between a software-driven artificial intelligence company and a quantum computing pioneer requires weighing utility against technical potential. Investors have this choice in BigBear.ai (BBAI +1.77%) and IonQ (IONQ -0.24%) when searching for high-growth tech opportunities. BigBear.ai provides specialized artificial intelligence solutions for supply chains and defense, while IonQ builds the hardware necessary for a quantum computing future. The case for BigBear.ai BigBear.ai offers decision intelligence solutions tailored for complex environments like supply chains, autonomous systems, and security at airports through its biometrics solutions. The case for IonQ IonQ develops trapped-ion quantum computing systems, positioning itself as a full-stack company that offers both hardware and quantum-computing-as-a-service.

The White House just changed the quantum game. Here’s what it means for national security.

President Donald Trump recently signed two executive orders that together represent the most consequential federal action on quantum technology in a generation. It calls for a full update to the National Quantum Strategy, new domestic supply chain assessments, and the creation of National Quantum Information Science and Technology (QIST) Workforce Development Institutes. It is the architecture around it: workforce pipelines, supply chain security, counterintelligence protections, and the reconstituted National Quantum Initiative Advisory Committee. But with this executive order and this coordinated effort, we will have scientifically relevant, meaning error-corrected, quantum computing during this administration. What this means for federal agencies, defense and higher education I spend a lot of time talking to agency leaders, program managers and university research directors.

What are tomorrow's quantum threats?

Why is this a problem that can’t wait until large-scale quantum computers arrive? That is part of why this feels urgent now, even though large-scale quantum computers are not available yet. That said, this is not something quantum computers can do today. Post-quantum cryptography is a new generation of algorithms designed to stay secure even against powerful quantum computers. Rather than relying on mathematical problems that a quantum computer could eventually solve, these algorithms are built on different types of problems that researchers believe are hard for both classical and quantum computers to crack.

Switzerland Is Getting Its First Dedicated IBM Quantum Computer

IBM and Lockheed Martin have officially partnered with ETH Zurich to launch the Swiss Quantum Innovation Hub. The new facility will house Switzerland’s very first dedicated IBM quantum computer. Bringing Quantum Power To Switzerland ETH Zurich has a long history as a powerhouse for physics and computer science. Installing a physical IBM quantum system directly on campus changes the game. By anchoring the hub with a physical quantum computer, IBM is helping to build a highly skilled local workforce.

Scientists just made quantum computer operations 1,000 times faster

Why Quantum Computers Are So Error-Prone A major challenge is that quantum computations can be disrupted by extremely small environmental effects. A Different Way to Protect Quantum Information To make quantum computing more resilient and eventually fault-tolerant, researchers are investigating new ways to shield quantum information from errors. Quantum Operations More Than 1,000 Times Faster Working with bosonic quantum codes is not simple. Quantum Lattice Gates Provide a Shortcut The new approach is built around Quantum lattice gates, a recently proposed universal set of quantum gates developed by the same research team. Designed for Superconducting Quantum Computers The technique is especially well suited to superconducting quantum computers, which are among the most prominent technologies being developed in the international push toward large-scale quantum computing.

Inside IBM’s New Quantum Computing Fridges, 180 Times Colder Than Deep Space

In the next decade, IBM plans to address both of these issues, starting with its new Modular Cryogenic Systems, or “super refridgerators.” To understand the technical requirements of quantum computing, you need to first understand what makes it different from standard computing. Quantum computing uses qubits (that is, quantum bits) instead, which are neither “on” nor “off” but somewhere in the middle. With increased fault tolerance and fewer errors, the quantum computers of the future can run for extended periods of time without the stop-start-reset flow that currently plagues quantum experiments. What’s the advantage to improving quantum computing?

What Does It Take for a Quantum Computer to Actually Be “Quantum”?

Enter quantum error correction (QEC). ‍Introducing Helix: A QEC Architecture for Apollo The Helix code was custom-designed to usher in the next generation of fault tolerance. Why This Matters Quantum memory is one of the most fundamental building blocks of a fault-tolerant quantum computer. Experiment 2: Logical Computation A central feature of the Helix logical architecture is that encoding multiple logical qubits does not require correspondingly expensive logical computation. Because logical error rates depend strongly on physical error rates, Apollo’s expected improvements at the physical level should translate directly into lower logical error rates.

Quantum Codebreaking Moves One Step Forward

Threats aside, the growth of QC technology has been impeded by quantum error correction (QEC) since its inception. Implications for the Global South: Building National Strengths The importance of obtaining novel computational capabilities through FTQCs for the Global South cannot be overstated. Additionally, other established platforms such as Quantum Leap Africa and the Africa Quantum Consortium could also serve as valuable forums for enhancing Global South cooperation. [9] Joschka Roffe, “Quantum Error Correction: An Introductory Guide,” arXiv, July 25, 2019, https://arxiv.org/ abs/1907.11157. [12] Roffe, “Quantum Error Correction: An Introductory Guide”.

LUMI AI Factory Selects IQM’s Halocene Roadmap for Europe’s First Superconducting Logical Qubit System

Superconducting hardware manufacturer IQM Quantum Computers (NASDAQ: IQMX) has been selected by CSC – IT Center for Science to deploy Europe’s first logical-qubit-capable superconducting quantum computer. The initial 2027 deployment will feature an IQM Halocene H4 platform equipped with 150 physical qubits and early quantum error correction (QEC) capabilities. Upon final phase completion, LUMI-IQ will support up to 9 fault-tolerant logical qubits using distance-3 surface and color codes, with structural capacity to encode single logical qubits up to distance-11 surface codes and distance-9 color codes. The contract reinforces IQM’s on-premises ownership model and follows its public listing on NASDAQ under ticker IQMX as Europe’s first publicly traded quantum hardware company. Review the official press release via IQM Quantum Computers here and examine our previous analysis of the LUMI AI Factory Initial Selection of IQM Superconducting Hardware here.

Beat the odds: Master and execute Monte Carlo Integration for finance on real quantum computers

In these circumstances financial professionals often turn to Monte Carlo Integration. However, Monte Carlo Integration suffers from a fundamental computational bottleneck: improving precision requires an exponentially larger number of samples to be calculated. That’s why Q-CTRL is proud to make advanced Monte Carlo Integration possible and accessible on the most advanced quantum computers to date. Finance applications skill in Black Opal We have launched a new finance applications skill in Black Opal, our award-winning quantum education platform! Incorporating Q-CTRL’s Fire Opal Monte Carlo Integration function directly addresses these scalability challenges.

Novo Holdings Report: Quantum Investment Must Move Beyond Hardware to Build Applications

Quantum investors must begin backing applications that turn emerging machines into useful business tools, according to a new report from Novo Holdings. Novo Holdings is the holding and investment company responsible for managing the assets of the Novo Nordisk Foundation. Novo Holdings said quantum error correction, compilers, runtimes and general developer tools could become essential but still struggle to capture lasting value. Application Companies Face an Early Opening Novo Holdings places domain-specific algorithms and vertical application platforms in a more favorable position. A quantum application provider would therefore not need to persuade customers to create an entirely new quantum budget.

IBM mathematician Subhash Khot is rethinking computing’s hardest problems

The June appointment makes him a senior mathematician at IBM Research. “Subhash’s arrival reflects the seriousness of our commitment to foundational research,” Jay Gambetta, IBM Fellow and Director of IBM Research, said in an IBM Research article. Researchers know of no efficient algorithm that always finds the shortest one, Khot said, and most do not believe such an algorithm exists. A quantum computer uses quantum bits, or qubits, which manipulate information through effects unavailable to ordinary bits. For some problems, quantum machines may eventually provide another path.

AI Just Cut the Cost of Cracking Bitcoin’s Encryption in Half. Is Q-Day Getting Closer?

A new cryptography paper has cut the estimated cost of one key step in a future attack on Bitcoin’s encryption by roughly 50% compared with Google Quantum AI’s March benchmark. So does a 50% cut in two months move Q-Day closer? The agents proposed changes that could reduce the computational cost, while human researchers tested and verified those suggestions before they were included. ECDSA.fail’s open community and AI agents more than halved Google’s benchmark score in about two months.” The paper does not move Q-Day closer by itself because no quantum computer ran the attack.

The Coming Q-Day: US states largely unprepared as quantum computing threats loom

The company’s technology sprang from the laboratories of Harvard and MIT scientists and is already one of the country’s most advanced quantum computers. Quantum computers are able to solve problems that would take a supercomputer septillions of years to untangle, and Google’s quantum chip Willow, for example, has already done so. Post-quantum cryptography (PQC) is designed to replace standard encryption and keep data safe from post-quantum cyberattacks. Quantum computers use qubits, which can be both a one and a zero at the same time. The technology is developing faster than many developers expected, pushing the timeline for quantum security up significantly.

Rigetti Secures $100 Million CHIPS Award to Advance Quantum Scaling

Rigetti Computing RGTI secured a definitive $100 million award from the U.S. Department of Commerce under the CHIPS Act Research and Development Office to accelerate research and development aimed at scaling superconducting quantum computing. The funding marks a significant government-backed validation of Rigetti's technology and will support efforts to overcome critical engineering hurdles that have long constrained the development of utility-scale quantum computers. As part of the agreement, the Department will receive a minority, non-controlling equity stake in the company.

Switzerland's first IBM Quantum System Two | IBM Quantum Computing Blog

It will be anchored by Switzerland's first IBM Quantum System Two, to be installed at CSCS. IBM Quantum System Two is IBM's flagship quantum computing system and the cornerstone of an emerging computational paradigm known as quantum-centric supercomputing. It has already demonstrated accurate computations on quantum circuits containing 7,500 gates, an important milestone on the IBM Quantum Roadmap. Organizations that join the hub through ETH Zurich will have access to IBM's fleet of quantum computers over the cloud and, upon deployment, to Switzerland's own dedicated IBM Quantum System Two. Beyond bringing state-of-the-art quantum hardware to the Swiss research community, the new hub will also give members access to the IBM Quantum Network and IBM Quantum Platform learning offerings.

1,000 Times Faster Operations Bring Reliable Quantum Computing A Step Closer | Newswise

Quantum computers are expected to drive breakthroughs in fields ranging from drug discovery and energy systems to cryptography, artificial intelligence and logistics. Yet before this potential can be realised, quantum computers must become far more reliable than they are today. Alternative storage for better protection In the search for more resilient and fault-tolerant quantum computing, researchers are exploring new ways to safeguard fragile quantum information. Quantum operations a thousand times faster Quantum operations based on bosonic quantum codes are notoriously difficult to create and control. To process this information, quantum operations are required.

LUMI AI Factory Selects IQM's Staged Path to Europe's First Superconducting Quantum Computer With Logical Qubits

ESPOO, Finland, September 10, 2026--(BUSINESS WIRE)--IQM Quantum Computers (Nasdaq: IQMX) today announced its upgrade path for a logical-qubit-capable quantum computer. This phased delivery reflects IQM's development roadmap toward fault-tolerant quantum computing, delivering error-corrected systems with high-precision logical qubits. "Owning an upgradeable quantum computer let´s CSC and the LUMI AI Factory integrate the system into their own AI and HPC infrastructure. www.csc.fi LUMI AI Factory: The LUMI AI Factory is a leading-edge service infrastructure and expert support centre designed to accelerate AI innovation across Europe. The LUMI AI Factory delivers a seamless, open AI solution that integrates world-class supercomputing, high-value data, and top-tier AI expertise.

IBM, Lockheed Martin Announce Swiss Quantum Innovation Hub at ETH Zurich, Anchored by Switzerland's First IBM Quantum Computer

In an extension of ongoing collaboration, IBM and Lockheed Martin plan to initiate research projects with select Swiss academic institutions. IBM will operate the IBM Quantum System Two, which will be powered by an IBM Quantum Nighthawk, the company's most advanced processor. ETH Zurich will provide expertise, resources and technologies for Swiss industries, startups and academia, including access to the quantum computer. About IBM IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. About Lockheed Martin Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery.