Qolab Secures Over $16 Million in Series A Financing
Qolab, Inc., a pioneering company in superconducting quantum computing, has successfully raised over $16 million in Series A financing.
SandboxAQ Secures $300M to Scale Large Quantitative Models
SandboxAQ has announced a significant funding round of over $300 million from prominent investors including Fred Alger Management, T. Rowe Price Associates, Mumtalakat, and notable individuals like Eric Schmidt, Marc Benioff and Yann LeCun. The […]
Maryland Aims to Become Global Quantum Hub with $1B IonQ Partnership
IonQ, a leading quantum computing company, has announced a major partnership with the University of Maryland and the State of Maryland to establish the region as the “Capital of Quantum.” This landmark initiative aims to […]
Novo Nordisk Foundation launches major investment in Quantum Computing
The Novo Nordisk Foundation has awarded a grant of US$ 200 million (DKK 1.5 billion) to establish the first full-scale quantum computer for the development of new medicines and provide new insights into climate change and the […]
Toyota Tsusho Partners With Quantum Machines
Quantum Machines, provider of quantum control solutions , and Toyota Tsusho Corporation (Toyota Tsusho), a member of the Toyota Group, have announced a partnership to offer Japanese customers cutting edge quantum technologies. The partnership will […]
QuTech, Eurofiber and Juniper Networks to deploy a Quantum testbed in The Netherlands
QuTech, Eurofiber and Juniper Networks have launched a Quantum testbed connecting several datacenter locations in The Netherlands. This testbed enables, amongst other applications of quantum cryptography, a way for partners to explore secure communications based […]
ORCA Computing: a new Quantum Computer in the UK
ORCA Computing is working with the UK Ministry of Defence (MoD) to develop future data processing capabilities. In a year-long programme of activity, MoD will use ORCA’s PT-1 model, the first computer of its kind […]
Covestro and QC Ware develop quantum algorithms for materials R&D
Covestro, one of the world’s leading polymer companies, and QC Ware have announced the signing of a five-year collaboration agreement. The objective of the collaboration is to help prepare Covestro to fully deploy quantum algorithms for the discovery of new materials […]
QC Ware and Itaú Unibanco collaboration
Itaú Unibanco, the largest bank in Latin America, and QC Ware, a leading quantum software and services company, today announced the first results of a collaboration that is exploring quantum computing algorithms for the banking […]
AkzoNobel and Microsoft collaborate in Quantum Chemistry
Scientists from both parties will co-develop what will effectively be a virtual laboratory. The aim is to conduct experiments using quantum computing and other Microsoft Azure cloud services. Quantum chemical computation is capable of simulating […]
Quantinuum announces Quantum Volume 4096 achievement
Quantinuum has reached another milestone in its quest to build the highest performing quantum computer in the world. This week, the System Model H1-2 doubled its performance to become the first commercial quantum computer to […]
CQC and TotalEnergies collaborate in Quantum Chemistry
CQC and TotalEnergies have presented a new paper detailing a potential use of quantum computers in mitigating climate change. The team has paved the way for the use of quantum computing to model materials, as a […]
New collaboration between HSBC and IBM in Quantum Finance
HSBC and IBM today announced that they will work together on exploring applications for quantum computing in financial services. The new three-year collaboration is designed to bolster HSBC’s expertise in quantum computing and ensure its […]
Quantum Application Lab now open to explore business opportunities for Quantum Computing
Organizations that want to investigate how Quantum Computing can benefit their business are invited to connect to the knowledge and technical infrastructure offered by the Quantum Application Lab (QAL) now. QAL is a newly formed […]
Sandbox AQ launches with prominent investors
Sandbox AQ, an enterprise SaaS company delivering solutions that leverage quantum tech and AI, officially launched today and announced its investors, board chair, partners, advisors and initial customers. AQ stands for AI and Quantum, two […]
NVIDIA unveils onramp to Hybrid Quantum Computing
NVIDIA cuQuantum debuts with an expanding ecosystem and a collaboration building the programming model for tomorrow’s most powerful systems. As quantum computers improve, researchers share a vision of a hybrid computing model where quantum and […]
Microsoft chooses exotic “topological qubits”
Microsoft Research announced a major breakthrough in its quantum computing pursuit — the foundation for a new type of qubit, one which had never left the world of theory before… and still hasn’t. Microsoft ultimately still hasn’t […]
Bosch establishes start-up for Quantum Sensing
Bosch is setting up a new business unit to commercialise quantum sensors. Located in Germany initially, it will look to pool the results of research so far and translate them into products. Bosch said that […]
CaixaBank and D-Wave collaborate on new Quantum applications for Finance industry
CaixaBank, the leading financial group in Spain, and D-Wave announced the business results for two significant financial quantum hybrid computing applications for investment portfolio optimization and investment hedging calculation. The quantum hybrid applications have significantly […]
NATO cybersecurity center finishes tests of quantum-proof network
The NCSC, which is run by the NATO Communications and Information Agency (NCI Agency), protects NATO networks around the clock and works with UK company Post-Quantum to conduct the test. The trial started in March […]
Equinix and SK Telecom to provide quantum cryptography between data centers
Equinix is planning to use Quantum Key Distribution (QKD) technology from SK Telecom to secure dedicated lines between its data centers. The two companies have an agreement to develop QKD, a cryptographic communications technique which […]
Rigetti Computing announces commercial availability of 80-Qubit Aspen-M System
Rigetti has announced the commercial availability of its 80-qubit quantum system, Aspen-M. The system is available today to the company’s direct and distribution customers through Rigetti Quantum Cloud Services (QCS). Rigetti also reported results of system […]
Quantum breaking the encryption of Bitcoin?
Researchers in the United Kingdom and the Netherlands decided to explore two very different quantum problems: breaking the encryption of Bitcoin and simulating the molecule responsible for biological nitrogen fixation. The team has especially described […]
A Generalized Quantum Inner Product and Applications to Financial Engineering
A team at Wells Fargo and University of California has just released a paper on solving a central and difficult problem in Financial Engineering: Computing Weighted Sums. Those familiar with expected values, value at risk, or […]
Capgemini launches a dedicated Quantum Lab
Capgemini announced it has set up a dedicated Lab and team of Quantum Technology experts from across the globe, to develop capabilities and coordinate research facilities aimed at the advancement of Quantum Technologies and exploration of their potential. In addition to Capgemini’s work to explore Quantum Communications […]