dougfinke

Quantum Computing Inc. (QCI) has announced its Q4 2024 and full year 2024 financial results. A summary of key financial metrics comparing Q4 2024 with Q3 2024 as well as the full year comparison of 2024 versus 2023 is shown in the table below. The company significantly improved it's cash position in 2024. By the end of the year, the company had raised $167.8 million through its issuance of common stock and $20.1 million through its issuance of convertible promissory notes and other debt for a total of $187.9 million. Operational highlights include NASA collaborations for quantum remote sensing and phase unwrapping, [...]

Diagrams explaining the LR-QAOA Benchmarking Process - See originals at https://arxiv.org/pdf/2502.06471 A team from the Julich Supercomputing Centre, AIDAS, RWTH Aachen University, and Purdue University has released a paper that describes a new quantum benchmarking protocol called Linear Ramp Quantum Approximate Optimization Algorithm (LR-QAOA) which they tested on 19 different QPUs from five vendors: IBM, IQM, IonQ,Quantinuum, and Rigetti for problem sizes requiring from Nq = 5 to Nq = 156 qubits. The tests included three different qubit topologies, 1D-chain, native layout, and fully connected graphs, qubit counts that ranged from 5 to 156, and LR-QAOA layer count (parameter p) that [...]

Microsoft's release in February of a technical paper on Nature as well as a post of a pre-print paper discussing Roadmap to fault tolerant quantum computation using topological qubit arrays on arXiv has generated a lot of discussion amongst quantum physicists and others on the viability of this approach. In order to provide additional information about their work on this technology, Dr. Chetan Nayak gave a presentation at the recent APS 2025 conference in Anaheim, California with supplementary data that provides further insight into Microsoft's work. Later that day, GQI sat down with Dr. Nayak to further discuss this technology and, [...]

Making the Business Case for Quantum Computing Overview In this episode of The Quantum Spin by HKA, host Veronica Combs talks with Elena Yndurain, a professor, business leader and author. She teaches at IE Business School in Madrid, Spain and specializes in the practical application of theory in Quantum, Artificial Intelligence, SaaS, and more. She created the first Quantum Computing curriculum for executives. In her new book, she analyzed four use cases in 11 industries. She and Veronica discuss working for startups, moving beyond early adopters, and making relevant use cases for quantum technology. Here is the link to her new [...]

D-Wave Quantum Inc. has announced its Q4 and full year 2024 financial results. A quick summary of some key financial metrics comparing Q4 2024 versus Q3 2024 and the year ago quarter of Q4 2023 as well as a comparison of full year 2024 versus 2023 is shown in the chart below. The company raised additional funds through At-The-Market (ATM) and Equity Line of Credit (ELOC) common stock issuance programs in both Q4'2024 and also in the first few months of 2025. In Q4'2024 they raised $161.3 million and in 2025 so far they have raised $146.2 million. The company reported [...]

enQase, a U.S. based spin-off of Qnu Labs has announced a new quantum safe security solution. Their solution leverages several different quantum cybersecurity solutions including PQC (Post Quantum Cryptography), QKD (Quantum Key Distribution), dQKD (Digital Quantum Key Distribution), and QRNG (Quantum Random Number Generation). The QRNG portion uses hardware provided by Qnu Labs. The dQKD is a technology they have developed that combines elements of the PQC and QKD protocols. The company provides flexible options for deployment and can offer a variety of different options including Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), perpetual licensing and on-premises hardware solutions through a variety of transmission [...]

IonQ has announced its Q4 and full year 2024 financial results. A quick summary of some key financial metrics comparing Q4 2024 versus Q3 2024 and the year ago quarter of Q4 2023 as well as a comparison of full year 2024 versus 2023 is shown in the chart below. Company executives called 2024 IonQ's best year ever and believes that 2025 will be a great year for them too. The company beat their previous revenue expectations for both Q4 and the full year 2024. They also slightly beat their previous expectations for full year 2024 books. Although the company's 2024 net [...]

Bringing Quantum Science to Life On Stage Overview In this episode of The Quantum Spin by HKA, host Veronica Combs interviews Nancy Kawalek, a Professor and Distinguished Fellow in the Arts, Science, and Technology at the University of Chicago's Pritzker School of Molecular Engineering. Nancy shares her journey from a theater performer in New York to a professor integrating arts and science at UC Santa Barbara and the University of Chicago. They discuss the inception and evolution of STAGE, an initiative that combines arts and science to produce theater, films, and games. Highlighting projects such as “Curiosity” and the Quantum Casino, [...]

Figure 1 - Microsoft's Eight Qubit Majorana 1 Device. Credit: Microsoft Introduction After almost 20 years of development, Microsoft has developed a controllable topological qubit module design that they intend on scaling up very quickly to produce a 1 million qubit error corrected quantum computer within a few years. In theory, a topological qubit could provide the optimal type of qubit because it combines three desirable properties together without requiring tradeoffs: Reliability, Speed, and Size. In practice, the topological qubit has been very difficult to build because it depends on leveraging Majorana zero modes (MZMs) which hitherto was only a theoretical [...]

U.S. Senators Dick Durbin (D-IL) and Steve Daines (R-MT) have introduced this bill in the 119th U.S. Congress to advance the funding for quantum technology research, development, workforce development, demonstration, and commercialization in the United States. Additional cosponsors of this bipartisan bill include U.S. Senators Chuck Schumer (D-NY), Lisa Murkowski (R-AK), Alex Padilla (D-CA), and Todd Young (R-IN). The proposed funding would exceed $2.5 billion for U.S. fiscal years 2026-2030. Key provisions of the bill would include the following: Key Provisions: Funding Authorization: Proposes over $2.5 billion in funding for quantum research and development over the next five years, significantly exceeding [...]