dougfinke

In another pairing between hardware and software companies, Quantum Computing Inc. (QCI) has reached an agreement to acquire quantum photonic startup QPhoton. QPhoton is a spinout of research by Dr. Yuping Huang from the Stevens Institute of Technology and will operate as a subsidiary of QCI. The two companies had previously announced a partnership in February to jointly sell and market quantum and phonic products and had indicated at that time that an acquisition may occur. The acquisition will be paid for by a mixture of common stock, preferred stock, and warrants and will represent in total approximately 49% of the [...]

One of the most promising areas for the use of quantum computing is in the area of quantum computational chemistry. As Professor Richard Feynmann once said, "Nature isn't classical, dammit, and if you want to make a simulation of nature, you'd better make it quantum mechanical, and by golly it's a wonderful problem, because it doesn't look so easy." The potential applications for quantum computational chemistry include many important things including drug discovery, material design, catalyst discovery, chemical process optimization, carbon sequestration, and many others. To that end the software team at Quantinuum (formerly Cambridge Quantum) has been working on a [...]

One of the challenges to creating a viable quantum internet is the inherent signal loss that photonics incurs when travelling over a fiber optic cable. The maximum length is limited to perhaps 100 kilometers or so before the signal levels become too small to detect reliably. For classical signals, this is no problem because one can put in a repeater that can regenerate the signal so it can then traverse down to the next segment. However, it is not so easy with entangled photons because of the No Cloning Theorem which states that qubits cannot be copied. However, there is a [...]

QuSecure, a Silicon Valley company, a post-quantum cybersecurity company has launched its first product called QuProtect which they call a quantum orchestration platform to provide the first end-to-end solution to deliver quantum resistance against the threat of a quantum computer powerful enough to break the public key encryption algorithms in use today. The product will leverage the NIST approved post quantum cryptography algorithms which are expected to be announced any day now. However, it is also designed to provide easy installation and provide seamless upgrade for managed and non-managed endpoints and devices. The company was launched in 2019, is headquartered in [...]

Three notable earnings releases were made in the past few days and it is interesting to review them and see the progress each has made in the past year. IonQ announced Q1 revenue of $2.0 million, bookings of $4.2 million, and EBITDA (Earnings before interest, taxes, depreciation, and amortization) loss of $10.3 million. This compares to their forecast made at the end of March of Q1 revenue between $1.8 to $2.0 million and bookings of $3 to $4 million. They are continuing to estimate full year 2022 revenue at $10.2 to $10.7 million, but have raised their estimate of 2022 bookings [...]

In their Q1 Finance Results press releases and also during the Q1 calls, both IonQ and Rigetti discussed their roadmap plans for future processors. Peter Chapman, CEO of IonQ, mentioned that the company is currently working on three different generations of processors in different stages of development. The latest released version is called Aria which can hold up to 32 qubits. It is currently available in IonQ's own cloud system and will also be available on Microsoft's Azure system soon. The next version to be released is codenamed Forte which won't have a much larger number of qubits than its predecessor [...]