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Phasecraft makes quantum computing breakthrough


13th July 2021
12:02 am
12th July 2021
10:31 am
Quantum computing start-up Phasecraft has developed a novel technique for modelling electrons that is said to significantly reduce quantum hardware resources needed to perform simulations.
An artistic rendering of how the new technique models fermions moving on a square grid. Designed by co-lead Joel Klassen.
Published in the
Physical Review B journal from the American Physical Society, the study’s method for modelling fermionic particles could hold potential to advance global R&D efforts toward better energy technologies through more efficient and accurate material simulation.
“Many important fields such as chemistry and materials science are concerned with the dynamics of fermion particles in physical systems in the form of electrons,” said co-leader of the study Charles Derby, a PhD candidate at UCL and Phasecraft team member.  ....

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Quilter to cut restricted advisers; Pre-tax profits down 8% during 'demanding year'


Quilter to cut restricted advisers; Pre-tax profits down 8% during demanding year
Small number to exit in 2021
Paul Feeney: We responded quickly to the changed environment in the second quarter by identifying tactical cost savings of £30m.
Quilter is to cut a small number of restricted financial planners during 2021, its preliminary full-year results state, as pre-tax profits for 2020 were down 8% to £168m.
Chief executive Paul Feeney said he was very satisfied with the profit numbers given the broader market environment experienced during a year of extraordinary challenges, both personal and professional . Adjusted.
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