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Quantum Computing Inc. Releases Preliminary Financial Results for Q1 2024

2024-06-14T17:32:31-07:00

Quantum Computing Inc. (QCI) received $27.3 thousand in revenue for the period ended March 31, 2024. The bulk of the revenue was due to  professional services that utilize the Dirac-series computers and other prototype design and configuration services. Net loss for the quarter was about $6.9 million. The company ended the quarter with $6.1 million in cash and cash equivalents, an increase of about $4 million from the balance on December 31, 2023. The company raised net cash $10 million during the Q1 period through its ATM (At-the-Market) agreement with with Ascendiant Capital Markets, LLC. A chart comparing the results for [...]

Quantum Computing Inc. Releases Preliminary Financial Results for Q1 20242024-06-14T17:32:31-07:00

Q-CTRL Advances Quantum Optimization Solutions for Gate Level Quantum Processors

2024-06-05T19:27:25-07:00

Chart Showing the Steps Used in Q-CTRL's Optimization Software Q-CTRL, a leader in quantum infrastructure software, has achieved a significant milestone by solving optimization problems over four times larger than previous records using IBM quantum computers. The results show that IBM's quantum computers can outperform competitive technologies such as quantum annealers and trapped ion devices in solving complex optimization problems. This advancement redefines the expectations for achieving quantum advantage in practical applications. The new benchmarks demonstrate that Q-CTRL's performance-management infrastructure, integrated with IBM's utility-scale quantum computers, effectively mitigates hardware errors, enabling consistent and accurate solutions to large-scale optimization problems. Direct comparisons [...]

Q-CTRL Advances Quantum Optimization Solutions for Gate Level Quantum Processors2024-06-05T19:27:25-07:00

Colorado Governor Signs a Bill Providing $74 Million in Tax Credits for Quantum R&D. But There is a Catch

2024-06-01T17:26:03-07:00

As reported earlier this year in our article titled Quantum Poker: The States of Colorado and Illinois are Betting on Quantum the states of Colorado and Illinois have both made a submission to win Phase 2 awards of about $50-$75 million from the U.S. Economic Development Administration to create a U.S. Tech Hub for quantum technology. We expect the awards to be made soon and we should note that it is also possible that neither region will win an award if the federal government decides to allocate all its Tech Hub funds for other, non-quantum, technology efforts. But to help provide [...]

Colorado Governor Signs a Bill Providing $74 Million in Tax Credits for Quantum R&D. But There is a Catch2024-06-01T17:26:03-07:00

Chinese Scientists Show Ion Trap Advances With Stable Trapping of 512 Ions

2024-06-01T16:23:31-07:00

Spatial correlation patterns in quasi-adiabatically prepared ground states for N = 300 qubits A team of Chinese Scientists from Tsinghua University has demonstrated success in achieving stable trapping of 512 ions in a two dimensional Wigner crystal. In addition, they have achieved quantum state measurements with single-qubit resolution across an unprecedented 300 ions, the largest number achieved to date. For more information, you can read an article published by the Xinhua news service here or read the full technical paper published by Nature titled "A site-resolved two-dimensional quantum simulator with hundreds of trapped ions" that can be accessed here. June 1, 2024

Chinese Scientists Show Ion Trap Advances With Stable Trapping of 512 Ions2024-06-01T16:23:31-07:00

NXP, eleQtron, and ParityQC Deliver a 10 Qubit, Full-Stack Ion-Trap Based Quantum Computer Demonstrator to the DLR Quantum Computing Initiative

2024-06-01T13:43:28-07:00

NXP Semiconductors N.V., eleQtron, and ParityQC, part of the QSea consortium of the DLR Quantum Computing Initiative (DLR QCI), have revealed the first full-stack, 10 qubit, ion-trap based quantum computer demonstrator made entirely in Germany. The quantum computer demonstrator is located in Hamburg, reinforcing the city’s role as a significant technology and research hub in Germany. It will enable early access to real quantum computing resources, allowing companies and research teams to leverage quantum computing advantages in applications such as climate modeling, global logistics, and materials sciences. The QSea I demonstrator combines eleQtron’s MAGIC hardware, ParityQC architecture, and NXP’s chip design [...]

NXP, eleQtron, and ParityQC Deliver a 10 Qubit, Full-Stack Ion-Trap Based Quantum Computer Demonstrator to the DLR Quantum Computing Initiative2024-06-01T13:43:28-07:00

Singapore Government to Invest S$300 Million ($222M USD) for Their National Quantum Strategy

2024-06-01T12:54:13-07:00

Singapore’s Deputy Prime Minister, Mr. Heng Swee Keat, announced an investment of close to S$300 million ($222M USD) into the National Quantum Strategy (NQS). The NQS aims to advance Singapore’s growing quantum industry and strengthen its position as a leading hub for quantum technologies over the next five years. Key initiatives under the NQS include elevating the Centre for Quantum Technologies (CQT) to a flagship national research center, establishing the National Quantum Sensor Programme, creating the National Quantum Processor Initiative (NQPI), and launching the National Quantum Scholarships Scheme (NQSS) to develop talent in quantum research and development (R&D). Additional information is available in [...]

Singapore Government to Invest S$300 Million ($222M USD) for Their National Quantum Strategy2024-06-01T12:54:13-07:00

Who’s News: Management Updates at Zurich Instruments, Oxford Quantum Circuits, Quantinuum, Phasecraft, and Quobly

2024-05-31T16:16:07-07:00

Zurich Instruments has named Andrea Orzati as its new Chief Executive Officer. He succeeds company founder Sadik Hafizovic and will work to continue the company's progress in scaling up. Previously, he was the Vice President Sales & Marketing and Executive Board Member of sensor company Sensiron where he spent 15 years. He also has prior experience at TEQABLE AG, u-blox, and ETH Zurich. A press release announcing his joining the company has been posted on Zurich Instrument's web site here. Oxford Quantum Circuits has named Gerald Mullaly as interim CEO succeeding Dr. Ilana Wisby who helped spin the business out from Oxford [...]

Who’s News: Management Updates at Zurich Instruments, Oxford Quantum Circuits, Quantinuum, Phasecraft, and Quobly2024-05-31T16:16:07-07:00

Photonic Inc. Demonstrates Distributed Entanglement Between Two Modules Separated by 40 Meters of Fiber

2024-05-30T16:23:49-07:00

One of the big challenges for achieving high performing fault tolerant quantum computers is coming up with a way of scaling the number of qubits to the hundreds of thousands or millions of qubits that will be needed to create a usable number of error corrected qubits. Although some approaches, such as quantum dots, may be able to fit a large number of qubits on one chip, they can run into other challenges such as wiring complexity and handling the heat load within the cryostat of the large number of qubits. So many researchers are looking at ways of implementing these [...]

Photonic Inc. Demonstrates Distributed Entanglement Between Two Modules Separated by 40 Meters of Fiber2024-05-30T16:23:49-07:00

Podcast with Meredith Fore of the Chicago Quantum Exchange

2024-05-29T16:58:05-07:00

The US has 10 federal quantum research centers and four of them are in or near Chicago (California has only two). That’s only one reason the city was named a U.S. Regional and Innovation Technology Hub for quantum tech. Science writer Meredith Fore covers the quantum scene including national labs, universities and startups for the Chicago Quantum Exchange. She shares stories of scientists and technical advances in the region. Transcript [00:00:00] Veronica: Hello, and welcome to the Quantum Spin by HKA. I'm Veronica Combs. I'm a writer and an editor here at the agency. I get to talk every day with [...]

Podcast with Meredith Fore of the Chicago Quantum Exchange2024-05-29T16:58:05-07:00

Quantum Circuits Secures $26.5 Million in Series B Funding

2024-05-28T22:02:35-07:00

Quantum Circuits Inc. has quietly raised $26.5 million in Series B funding led by Sequoia Capital Partners with additional participation from others. This brings their total funding to $84 million since the New Haven, Connecticut based company was founded in 2015. The company was founded by leading quantum scientists from Yale University and is pursuing a modular, superconducting based processor with error correction. The company is currently testing its technology and plans to start offering its quantum capabilities via a cloud service. In the past, they have been listed as one of the future partners for Microsoft Azure Quantum's cloud service. [...]

Quantum Circuits Secures $26.5 Million in Series B Funding2024-05-28T22:02:35-07:00
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