Xanadu Quantum Technologies
Xanadu created a technology that elevates artificial intelligence and quantum computing through a single quantum silicon photonic chip. The chip can be consolidated to a regular computer, opening a wide range of super computational capabilities. As a result, normal computers can perform calculations and solve problems faster and more efficiently than ever imagined.
Xanadu’s mission: “To build quantum computers that are useful and available to people everywhere”
Through the laws of physics, Xanadu designed a chip that uses:
- photons rather than electrons, reducing the presence of heat noises,
- light rather than heat, reducing the need for cooling, and
- qumodes rather than qubits, exponentially increasing storage capabilities.
In the field of finance, Xanadu’s technology can be used to optimize portfolios, trading and fraud detection.