Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > Microsoft says new computing service for chemicals can slash R&D time
    Top Stories

    Microsoft says new computing service for chemicals can slash R&D time

    Published by Uma Rajagopal

    Posted on June 23, 2023

    2 min read

    Last updated: February 1, 2026

    The image features the Microsoft Experience Center, highlighting their new Azure Quantum Elements service designed to expedite R&D in the chemical industry, showcasing innovation in materials science.
    Microsoft Experience Center showcasing quantum computing service for chemicals - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:innovationresearchtechnologycustomersfinancial services

    Microsoft says new computing service for chemicals can slash R&D time

    By Stephen Nellis

    Microsoft Corp on Wednesday introduced a new computing service aimed at helping chemical companies speed up the research and development of new materials.

    Azure Quantum Elements, as the service is called, relies on computing power to help chemical companies simulate huge numbers of possible combinations of atoms. The point is to use computers to explore possible new materials virtually and then simulate how those materials would interact with the real world.

    The new offering uses a combination of existing quantum computers, artificial intelligence and conventional high-performance computing systems.

    In a press release, Microsoft said that the system has helped some early customers speed up their development processes by as much as six months. Microsoft said that BASF, AkzoNobel, AspenTech, Johnson Matthey, SCGC and 1910 Genetics have been testing the system.

    “Our goal is to compress the next 250 years of chemistry and materials science progress into the next 25,” Microsoft Chief Executive Satya Nadella said in a press announcement.

    Microsoft also said it will offer a version of Copilot – its artificial intelligence system that helps software developers write code – that is specifically tailored for scientists looking to use its services.

    The company also said that it had hit a milestone in developing its own quantum computer, saying it now has the ability to create and control a quantum particle called a Majorana fermion. Microsoft said it was also publishing a scientific paper on the milestone but gave few other details ahead of its announcement.

    (Reporting by Stephen Nellis in San Francisco; Editing by Kim Coghill)

    Frequently Asked Questions about Microsoft says new computing service for chemicals can slash R&D time

    1What is Azure Quantum Elements?

    Azure Quantum Elements is a computing service introduced by Microsoft to assist chemical companies in speeding up research and development by simulating material combinations using quantum computing and artificial intelligence.

    2What is research and development (R&D)?

    Research and development (R&D) refers to the activities companies undertake to innovate and introduce new products or services. It involves systematic investigation and experimentation to improve existing products or create new ones.

    3What is artificial intelligence (AI)?

    Artificial intelligence (AI) is the simulation of human intelligence processes by machines, especially computer systems. It encompasses learning, reasoning, and self-correction to perform tasks that typically require human intelligence.

    4What is a quantum computer?

    A quantum computer is a type of computer that uses quantum bits (qubits) to perform calculations at speeds unattainable by traditional computers. They leverage the principles of quantum mechanics to process information.

    5What is a Majorana fermion?

    A Majorana fermion is a type of particle that is its own antiparticle. It is significant in quantum physics and has potential applications in quantum computing and particle physics.

    More from Top Stories

    Explore more articles in the Top Stories category

    Image for Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Image for Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Image for Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Image for Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Image for Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Image for Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Image for Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Image for PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    Image for A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Image for Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Image for Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Image for ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    View All Top Stories Posts
    Previous Top Stories PostSaudi’s SAMI signs pact with Safran Helicopter Engines for engine maintenance
    Next Top Stories PostAegon bets on Transamerica to boost cash flow and dividend in 2025