dougfinke

GQI Timeline Regarding Quantum Computing Cybersecurity Threat By Michael Baczyk Is Quantum on the Agenda of Security Executives? The RSA Conference, the world's premier cybersecurity event, convened in the heart of San Francisco, attracting over 40,000 attendees from around the world. The sprawling exhibition hall showcased the conference's immense scale, requiring a full day to thoroughly explore each booth. For more than three decades, the RSA Conference has been a driving force behind the cybersecurity community, expanding its mission beyond annual gatherings to provide continuous support in the face of ever-evolving cyber threats. One of the most pressing concerns is the [...]

 The U.S. Commerce Department’s Bureau of Industry and Security (BIS) added 37 entities in China to the Entity List under the Export Administration Regulations (EAR). These additions include 22 organizations seeking to acquire US-origin items for use in their country's quantum programs. These new organizations are additions to the Hefei National Laboratory for Physical Sciences at Microscale, QuantumCTek Co., and Shanghai QuantumCTek Co., Ltd. and others that were previously placed on the list in November 2021. Entities on this list cannot do business with U.S. firms without prior approval from the Commerce Department. For additional information on these additions, you can [...]

We reported at the end of April about PsiQuantum receiving  $940 Million AUD ($620M USD) in funding from the Australian Commonwealth and Queensland Governments to create a 1 million physical qubit error-corrected quantum computer in Brisbane, Australia. And another report, published on the Chicago Sun Times website, describes rumors that PsiQuantum may be considering to build a similar site in the Chicagoland area. Besides all the technical, political, and financial risks that might be associated with these projects another risk is the question of whether a user community will be able to quickly make full use of this computer when it [...]

Rigetti Computing has announced its Q1 2024 financial results. A quick summary of some key financial metrics comparing Q1 2024 versus Q4 2023 and the year ago quarter of Q1 2023 is shown in the chart below. The company announced that through May 9, 2024 they had raised an additional $32.9 million in cash from the sale of 23 million shares through their ATM (At-the-Market) program with B. Riley. Of this amount, $23.9 million was raised through March 31, 2024 and is included in the $102.8 million end of quarter cash amount shown in the chart above. The company also progress in [...]

IonQ has announced its Q1 2024 financial results. A quick summary of some key financial metrics comparing Q1 2024 versus Q4 2023 and the year ago quarter of Q1 2023 is shown in the chart below. In the quarterly conference call, IonQ management was bullish about their expanded sales pipeline and said they have raised their full year 2024 bookings forecast by $5 million to $75 to $95 million. The also indicated an expectation of Q2 revenues in the range between $7.6 and $9.2 million and full year 2024 revenues in the range between $37 and $41 million. However, the company [...]

Alex Challans started writing about quantum computing right before Google’s big announcement in 2019. Since then, he’s expanded his company from one publication–The Quantum Insider–to four and built a data intelligence company. He shares his assessment of the state of the quantum industry and advice on how to keep up with a steady flow of scientific advancements and patent filings. Transcript 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 really smart people working on really fascinating subjects, everything in [...]

Chart Showing Yield Results of a Sample 300 mm Intel Spin Qubit Wafer Although we hear about many different device parameters from developers of quantum hardware, one important parameter we don't hear about very much is device yield. For some of the quantum hardware developers that are early in their development cycles we suspect these yields may still be quite low. Although it is possible to build up a quantum processor from a few hero devices that are cherry-picked from a large number of runs, it is not very cost effective. And for quantum computing to reach its full potential the [...]

By Michael Baczyk Quantum Computing is a high-stakes game The recent news of PsiQuantum securing one billion Australian dollars in funding from both the Australian federal and regional governments has caused quite a stir in the tech world, sparking excitement and even controversy. This development has compelled even the most skeptical observers to acknowledge that quantum technology is poised to become the next major advancement in the tech industry. The PsiQuantum deal is just one example of the intensifying efforts from both commercial and national strategic perspectives. Quantum technology is already recognized as a significant value enabler and has secured a [...]

Chris Bates has joined SandboxAQ as their first Chief Information Security Officer (CISO). He joined the company from Sentinel One where he was the Chief Security & Trust Office where he was responsible for all security aspects among many other things. Previous to that he held positions at Nike, Fidelis Cybersecurity (General Dynamics), NuScale Power, and ACS (Xerox), and consulted for RSA (EMC). At SandboxAQ he will be responsible for the ensuring the security of the company's data, communications, and intellictual property and also to help advance the company's AQtive Guard cryptography platform with SandboxAQ's client base. A press release announcing his [...]

The U.S. government issues yearly SBIR (Small Business Innovation Research) and STTR (Small Business Technology Transfer) awards to various new technology projects. The nickname they give this program is "America's Seed Fund". Phase I awards are in the amounts of $50,000 to $275,000 for projects with a 6-12 month timeframe. Phase II awards will be in an amount between $400,000 to $1.8 million for projects that last 24 months. The difference between the SBIR and the STTR is that STTR awards require the recipient to partner with an academic institution. The Department of Energy recently made several Phase II awards for [...]