How the UK can prepare for the quantum revolution – Dr Nick New, CEO, Optalysys

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5 • 6 Ratings

🗓️ 16 September 2024

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dr Nick New, CEO of Optalysys, discusses why the UK must already start preparing for the benefits and the risks of quantum computing technology. New describes how while quantum computers can provide tremendous support for dozens of industries, it can also represent a new frontier of danger in the world of cybercrime.

Optalysis is a photonics-based encryption company that can protect data beyond the capabilities of electronic-based computing. New describes how the UK is well-positioned to become a global leader in photonics technology and how raising funding as a deep tech startup presents its own unique challenges.

Transcript

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0:00.0	The time absolutely is now to be considering these methods and putting things in place
0:10.0	with quantum computing now getting ever closer.
0:15.0	We've also seen a number of examples where data has been basically stolen in encrypted form to be hacked later
0:22.3	on by quantum computing once it's there now.
0:25.6	The kind of London focus that traditionally existed, and we've been to that Cambridge
0:34.9	Oxford as well, I think there's been a realisation being invested that actually there's an awful lot more out there.
0:45.6	From the first time founders to the funds that back them, innovation needs different.
0:51.2	Our episode partner, HSBC Innovation Banking, is proud to accelerate growth for tech and
0:57.1	life science businesses, creating meaningful connections and opening up a world of opportunity
1:02.2	for entrepreneurs and investors alike. Discover more at www.h.hsbc Innovationbanking.com
1:10.0	slash EN- gb.
1:17.1	Hello and welcome to the UKTM podcast, a weekly chat with the movers and shakers of the UK
1:22.5	tech industry and the destination for all things UK tech related. I'm Jane Wakefield, your host, and today I'm joined
1:29.6	by Dr Nick New, the CEO of Optalysis, which he describes as an optical processing meets secure
1:37.3	computing firm. Rather than me trying to explain what that means, Nick, it would make an awful lot more
1:41.6	sense if you did it. So welcome to the program and tell us
1:44.2	a little bit about your company. Thank you. Yes. So Optalysis is a unique combination of
1:49.7	photonics and cryptography, software, analog and digital electronics expertise. And we are geared to
1:57.7	answer some very big problems in computing with an optical computing approach.
2:04.0	And what that means is that we do very large calculations using light rather than electricity.
2:11.3	And the first area that we are focusing the technology towards is a very big opportunity,
2:16.2	which is around how our data is used
	...

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