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Honeywell International Has The World’s Most Powerful Quantum Computer

Honeywell International announced Thursday that it has created the world’s most powerful quantum computer. Honeywell International Has The World’s Most Powerful Quantum Computer

“With a quantum volume of 64 the Honeywell quantum computer is twice as powerful as the next alternative in the industry,” reads a blog post on the company’s website.

A 64-volume quantum computer sounds amazing. But what is it? It means software-industrial conglomerate Honeywell (ticker: HON) has tethered together six high-functioning q-bits, or quantum bits.

OK, amazing. But who should care? The short answer is everyone.

“It’s tough to find an area of human activity where [quantum computing] won’t help,” Christopher Savoie, CEO of Zapata Computing, tells Barron’s.

Quantum computing is still in its infancy, and the science is daunting, to say the least, but Savoie has a useful analogy. “The Wright brothers took their flight in 1903, and by 1918 we had global air forces,” he says. Honeywell is “months past” the Wright brothers in terms of quantum computing development, according to Savoie.

Quantum computers are, essentially, way more powerful computers. Problems which would might take days, weeks, or years to solve on a traditional computer can take minutes on a quantum computer.

“Climate change, drug discovery, logistics,” notes Savoie, “right now you are limited by the number of variable your computer can handle.” Quantum-computing speed grows exponentially. There is a hockey-stick graphic look in computing power as new q-bits get added to the system.

Honeywell stock doesn’t trade on quantum fundamentals yet. Shares are down about 16% year to date, worse than the comparable drops of the S&P 500 and Dow Jones Industrial Average. Honeywell is a large aerospace supplier, and the commercial aviation business has been hammered by Covid-19. Boeing (BA) stock, for instance, is off more than 40% year to date.

The quantum-computing industry hasn’t yet arrived, despite today’s announcement. But quantum computers are already better than regular computers in certain instances. Google parent Alphabet (GOOGL) demonstrated the ability of its rudimentary quantum computer to beat traditional systems.

“Our quantum computing starts with having a MEMS layer that acts to trap individual ytterbium atoms. We take atoms and hit them with a laser, which strips an electron and traps an ion in an electric field,” Tony Uttley, president of Honeywell Quantum Solutions, told Barron’s a few months ago, when the company embarked on its quest to make the most powerful computer. The ion is the q-bit. “The cool thing about quantum mechanics is a q-bit can be a one or a zero at the same time.”

The explanation of the quantum-computing hardware is nearly incomprehensible to most people. And the analogy between the quantum world and the regular world breaks down eventually. It’s totally different tech. Quantum computers aren’t faster just because of the dual nature of a q-bit. They are also faster because of quantum entanglement and constructive interference.

Readers might have to Google both terms, but Uttley tried to help Barron’s understand. “With constructive interference, only the correct answer survives,” he says. The system filters out the wrong answers.

Ask a question and receive only the correct answer. That situation feels almost religious, like querying God.

“What constructive interference really means is the quantum computer solves a maze like a human does,” says Savoie. “Looking from overhead and tossing out obvious wrong paths before it even starts.” That helps a little, but all the explanations help to drive home the idea that quantum-computing technology is a game-changer.

For Honeywell, it’s a business opportunity. It can create the hardware and join with business such as Zapata to build quantum software and data-analytic platforms.

Zapata is, essentially, an enterprise software company. Businesses aren’t likely to hire their own quantum programmers, but now they have someone to call to help with the toughest analytical problems.

It would be hard for each company to build their own quantum-computing department, though some banks are doing that already. “Quantum programmers?” reflects Uttley. “The people who know how to program are called theorists, they are a combination of physicists and mathematician, and there are hundreds in the world, not thousands.”

That’s one reason why between Honeywell and its partners, which include Microsoft (MSFT), are building a QaaS, or Quantum as a Service, business model.

Updated: 10-30-2020

Honeywell Takes Tiny Steps Toward A Quantum Leap In Computing

Overshadowed by IBM and Google, it’s trying a different approach to reach the industry’s holy grail.

A decade ago, two scientists at Honeywell International Inc. pitched their bosses a most improbable idea: The century-old industrial company should build a quantum computer.

The idea was met with some skepticism. For one thing, International Business Machines Corp. and Google were already moving ahead on quantum computing, which promises to be much faster, for certain tasks, than even the speediest transistor-based chips. And Honeywell was better known for making cockpit controls, security systems, and even work boots.

Yet management signed off, and scientists set up a laboratory in a one-story brick building outside Boulder, Colo. Now, Honeywell is pursuing its own path to producing a practical quantum computer that can be used for everyday business. On Oct. 29 it unveiled what it dubbed the H1, its second-generation quantum computer.

JPMorgan Chase & Co., BP Plc, and other companies are paying for subscriptions to write algorithms on the machine and test those results with classical supercomputers.

These deals are very much experiments—Honeywell’s clients aren’t using its quantum machine to make business decisions, and any commercial quantum computer is years away. And Honeywell’s achievements are less impressive than Google’s boast last year that it had achieved “quantum supremacy” after its machine performed a calculation that chokes even the largest supercomputer. IBM first made a quantum computer available to the public in 2016 and has rolled out regular upgrades.

Honeywell makes a claim that’s impressing industry observers: Its machine, though slower, appears to produce more accurate results. In this early stage all quantum computers make errors, or noise, as scientists call it. Honeywell has been able to minimize them.

“Quality is really the holy grail,” says Denise Ruffner, who previously worked at IBM’s quantum unit and just started as a vice president at IonQ, a startup quantum computer maker. “What any user really wants is a quantum computer with the least amount of error or noise. So far, the technology that Honeywell is using has been the best at doing that.”

Quantum computing is based on the mind-bending concept that atomic particles can be in multiple states at once. Conventional computers depend on electric currents being switched on or off—states that are represented by a “1” and a “0.”

Quantum computers use units known as quantum bits, or qubits, which can represent both a “0” and a “1” at the same time. Generally, quantum computers look at all the different combinations of data simultaneously, while classical computers work sequentially, making them much slower when dealing with large sets of variables.

But errors are prevalent. Honeywell decided early on to use existing atoms as the basis of its computer, a technology known as trapped ion, to minimize errors. Google, IBM, and others are assembling tiny devices that simulate particles using electric currents at extremely cold temperatures, a method called superconducting.

This technology makes for a faster computer that can be scaled up in power using the industry’s existing supply chain. But it’s also more error-prone.

“Any design element is looking at a trade-off,” says Ilyas Khan, chief executive officer of Cambridge Quantum Computing, a software startup that counts Honeywell and IBM as investors. “If you wanted a speedster, you’d be looking at your superconducting quantum machine. And if you’re more looking at accuracy and you didn’t care about speed, you’d be looking at the ion trap.”

Honeywell CEO Darius Adamczyk predicts that within 10 years its quantum computing business will have sales of $1 billion (the company had about $37 billion in revenue last year). “Over time, the market is going to be worth billions,” he says.

One skeptic is Bob Sutor, vice president for quantum solutions at IBM, who says Honeywell’s trapped-ion technology will have trouble scaling up. “We believe we can get through the scaling problem,” he says. “The ion trap people will face that. They will hit it, and they will hit it pretty hard in the not-too-far-off future.”

JPMorgan Chase is running software programs on Honeywell’s computer with small sets of data that can be checked with a standard computer, helping boost confidence on the accuracy, says Marco Pistoia, chief of the bank’s Future Lab for Applied Research and Engineering.

He says he’s eager to run more complex algorithms as the computers become more powerful so JPMorgan can be ready when the machines routinely solve problems that a standard computer can’t.

Both approaches are far from finished. “Superconducting qubits have come a long way and today serve as a proof point of the potential that quantum computing promises,” says James Sanders, an analyst at S&P Global Market Intelligence’s 451 Research.

“Proponents of trapped ions tout increased accuracy in comparison, but these are presently slower to operate. Both need further development to eclipse the capabilities of classical computers.”

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