D-Wave Quantum Inc. has achieved the world’s first demonstration of quantum computational supremacy on a useful real-world problem, using their Advantage2 prototype quantum annealer to perform complex magnetic materials simulations in minutes that would take a classical supercomputer nearly one million years and consume more than the world’s annual electricity.
Amazon Web Services has unveiled Ocelot, a groundbreaking quantum chip that uses cat qubits and bosonic quantum error correction to significantly reduce resource requirements, achieving bit-flip times approaching one second while requiring only one-tenth the resources of traditional approaches, potentially revolutionizing the path to commercially viable quantum computing.
IonQ is acquiring a controlling stake in quantum safe networking leader ID Quantique (IDQ) to strengthen its global quantum ecosystem, accelerate quantum networking development, and establish a strategic partnership with SK Telecom, with the acquisition expected to close in Q2 2025.
Quantum Machines has raised $170 million in Series C funding, bringing its total to $280 million, as the company’s hybrid control technology for quantum computing systems gains widespread adoption across the industry during a breakthrough year marked by significant hardware and error correction advancements.
Qolab, Inc., a pioneering company in superconducting quantum computing, has successfully raised over $16 million in Series A financing.
SandboxAQ has announced a significant funding round of over $300 million from prominent investors including Fred Alger Management, T. Rowe Price Associates, Mumtalakat, and notable individuals like Eric Schmidt, Marc Benioff and Yann LeCun. The […]
IonQ, a leading quantum computing company, has announced a major partnership with the University of Maryland and the State of Maryland to establish the region as the “Capital of Quantum.” This landmark initiative aims to […]
The Novo Nordisk Foundation has awarded a grant of US$ 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 […]
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 have launched a Quantum testbed connecting several datacenter locations in The Netherlands.
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, 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 […]
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 […]
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 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 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 […]
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 […]
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.
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 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 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 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 […]
With Quantum Computing, CaixaBank has seen an up to 90% decrease in time-to-solution for investment portfolio hedging and portfolio optimization.
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 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 […]