Investment

This update focuses on how growing quantum sector investment in the UK and US is leading to the development and commercialization of quantum computing technologies with the potential to revolutionize and disrupt key sectors.  This is a fast-growing area that is seeing significant levels of public and private investment activity.  We take a look at how approaches differ in the UK and US, and discuss how a concerted, international effort is needed both to realize the full potential of quantum technologies and to mitigate new risks that may arise as the technology matures.

Quantum Computing

Quantum computing uses quantum mechanics principles to solve certain complex mathematical problems faster than classical computers.  Whilst classical computers use binary “bits” to perform calculations, quantum computers use quantum bits (“qubits”).  The value of a bit can only be zero or one, whereas a qubit can exist as zero, one, or a combination of both states (a phenomenon known as superposition) allowing quantum computers to solve certain problems exponentially faster than classical computers. 

The applications of quantum technologies are wide-ranging and quantum computing has the potential to revolutionize many sectors, including life-sciences, climate and weather modelling, financial portfolio management and artificial intelligence (“AI”).  However, advances in quantum computing may also lead to some risks, the most significant being to data protection.  Hackers could exploit the ability of quantum computing to solve complex mathematical problems at high speeds to break currently used cryptography methods and access personal and sensitive data. 

This is a rapidly developing area that governments are only just turning their attention to.  Governments are focusing not just on “quantum-readiness” and countering the emerging threats that quantum computing will present in the hands of bad actors (the US, for instance, is planning the migration of sensitive data to post-quantum encryption), but also on ramping up investment and growth in quantum technologies. Continue Reading Quantum Computing: Developments in the UK and US

On 19 February 2020, the European Commission presented its long-awaited strategies for data and AI.  These follow Commission President Ursula von der Leyen’s commitment upon taking office to put forward legislative proposals for a “coordinated European approach to the human and ethical implications of AI” within the new Commission’s first 100 days.  Although the papers published this week do not set out a comprehensive EU legal framework for AI, they do give a clear indication of the Commission’s key priorities and anticipated next steps.

The Commission strategies are set out in four separate papers—two on AI, and one each on Europe’s digital future and the data economy.  Read together, it is clear that the Commission seeks to position the EU as a digital leader, both in terms of trustworthy AI and the wider data economy.Continue Reading AI Update: European Commission Presents Strategies for Data and AI (Part 1 of 4)

By Matthew Edwards and Jacqueline Clover

Last month, we blogged about the launch of the London Stock Exchange High Growth Segment. As part of another programme of measures to support UK and EU start-ups, Future Fifty, a new fast-track programme for businesses, was announced by Chancellor George Osborne on 25 April 2013 and aims to help 50 high-growth companies develop so that they can successfully list in the UK.

Future Fifty has been developed in partnership with the Tech City Investment Organisation.  To apply, a UK, EU or UK-controlled foreign business needs to have been trading for at least 24 months and must demonstrate revenue growth of at least 100 per cent. each year.Continue Reading Future Fifty: A UK Initiative to Help High-Growth Companies

By Matthew Edwards and Jacqueline Clover

The new High Growth Segment (“HGS”) of the Main Market of the London Stock Exchange (“LSE”) has officially opened for business, signalling London’s commitment to supporting the growth of technology companies incorporated in the European Economic Area.

The equity-only HGS is targeted specifically at fast-growing companies, providing an alternative to joining AIM or applying for a listing on the Official List (the “Official List”) and trading on the Main Market.  
Continue Reading The London Stock Exchange High Growth Segment Opens for Business