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So far dougfinke has created 1866 blog entries.

Rigetti Announces Q4 2023 and Full Year 2023 Financial Results

2024-03-16T14:01:34-07:00

Rigetti Computing has announced its Q4 2023 and 2023 financial results. A quick summary of some key financial metrics that comparing the Q4 2023 versus Q3 and 2022 is shown in the chart below. Other significant financial information disclosed during the company's conference call included that they raised $5.5 million in cash in Q4 from a stock sale agreement with B. Riley and an additional $12.8 million in cash after the Q4 2023 quarter closed from the same agreement. The company filed a shelf registration statement with the SEC in December to potentially raise up to $250 million. At their current [...]

Rigetti Announces Q4 2023 and Full Year 2023 Financial Results2024-03-16T14:01:34-07:00

Podcast with Brian Lenahan

2024-03-16T11:24:39-07:00

Brian Lenahan founded the Quantum Strategy Institute to demystify quantum technology for the global business community. As a Quantum Top Voice on Linked In, he does this via informative and interesting posts and through his three-times-a week newsletter, “Quantum’s Business.” In this interview, he explains why every organization needs a quantum strategist and why evaluating quantum solutions doesn’t require a physics degree. Transcript Veronica Combs: So if you are new to quantum technology and you really want to get an understanding of this industry and everything going on, one person you absolutely should know is Brian Lenahan. Brian is the founder [...]

Podcast with Brian Lenahan2024-03-16T11:24:39-07:00

Qrypt Partnering with NVIDIA to Provide Quantum Secure Cryptography Between AI Clusters

2024-03-15T21:19:00-07:00

Qrypt, a quantum-secure encryption company, has announced the launch of its Quantum Entropy and Quantum Secure Key Generation technologies. These technologies will be used to transmit AI workloads using NVIDIA BlueField-3 DPUs with quantum-secure encryption, providing protection against quantum computing threats to current cryptography. Most recently, Qrypt announced a Phase 1 contract with the Air Force to enhance national defense capabilities against quantum threats.  The announcement of the partnership between NVIDIA and Qrypt is a logical next step in this ambition, as Qrypt provides highly secure entropy, specifically in this context: Qrypt offers quantum-secure encryption for AI workloads using NVIDIA BlueField-3 [...]

Qrypt Partnering with NVIDIA to Provide Quantum Secure Cryptography Between AI Clusters2024-03-15T21:19:00-07:00

Pasqal Unveils Quantum Roadmap; Targeting Customers in Production by 2025

2024-03-14T21:37:19-07:00

In a webinar presentation today, French quantum hardware manufacturer Pasqal has released a roadmap for its hardware and software development and also has described some of the early customers and applications who are working with their neutral atom based machine. The company has an aggressive schedule for improving their hardware along several fronts including the number of qubits, repetition rate, gate operations per calculation, hours of QPU availability, and software features. They are also working to expand the number of manufacturing facilities with a new one in Sherbrooke, Quebec slated to build and deliver a machine to its first customer later [...]

Pasqal Unveils Quantum Roadmap; Targeting Customers in Production by 20252024-03-14T21:37:19-07:00

IBM Releases Version 1.0 of Qiskit

2024-03-09T20:30:58-08:00

As we indicated in our article last December about IBM's roadmap, IBM has officially released version 1.0 of Qiskit. This release provides higher performance, a more stable platform, a leaner set of libraries, and an SDK built for an open-source ecosystem. It will have experimental native OpenQASM 3 support and includes support for dynamic circuits and disjoint qubit coupling maps for the new IBM Heron class of processors. Now that the software has reached version 1.0, future releases will be more structured and stable with major releases that might introduce breaking changes occurring at least one year apart. Minor versions and [...]

IBM Releases Version 1.0 of Qiskit2024-03-09T20:30:58-08:00

Quantinuum Makes Technical Progress Towards Next Generation H3 Design

2024-03-10T18:00:37-07:00

Two of the biggest challenges in creating a next generation, higher performance quantum computer is obtaining high levels of qubit quality and also scaling up the numbers of qubits to meaningful levels. An additional challenge is to improve the gate delays so the operations can run faster and reduce the runtime for complicated algorithms. Quantinuum has recently shown a couple of papers that show progress in these areas. As shown in the diagram above, their latest released quantum process is called the H2 which has 32 qubits arranged in what they call a racetrack topology. Implementing more qubits using this architecture [...]

Quantinuum Makes Technical Progress Towards Next Generation H3 Design2024-03-10T18:00:37-07:00

Who’s News: Management Changes at Quantum Circuits, Strangeworks, Unitary Fund, and the U.S. National Quantum Coordination Office

2024-03-09T12:57:31-08:00

Quantum Circuits, Inc. has named Ray Smets as President and CEO. He will be working to scale and commercialize the company as it introduces its superconducting, error detection and handling quantum technology later this year. Mr. Smets has over thirty years of management experience spanning operations, sales, marketing, and product execution in several high-growth cloud, data center and networking companies including Cisco, A10 Networks, Motorola, and AT&T. A press release announcing his joining the company can be seen here. Strangeworks has appointed Daniel Ley as the SVP Revenue. In this role he will lead the company's revenue growth and go-to-market efforts. Mr. Ley has [...]

Who’s News: Management Changes at Quantum Circuits, Strangeworks, Unitary Fund, and the U.S. National Quantum Coordination Office2024-03-09T12:57:31-08:00

Classiq and Alice & Bob Team to Create a Logical Qubit Emulator for Cat Qubits

2024-03-09T11:07:35-08:00

Quantum software company Classiq and Alice & Bob, a company working on a fault-tolerant quantum computer, have announced a partnership to bridge the gap between quantum software and hardware. The collaboration will enhance the Classiq platform with Alice & Bob’s cat qubit technology and tooling for logical qubits. Classiq’s platform will expand to include an early-access program to the first logical qubit emulator, capable of simulating logical qubits based on cat qubits. Alice & Bob is working to develop a quantum computer with 100 logical qubits that have a 10-8 error rate and this will help researchers and developers get a [...]

Classiq and Alice & Bob Team to Create a Logical Qubit Emulator for Cat Qubits2024-03-09T11:07:35-08:00

French Government Launches the PROQCIMA Program for Quantum Computing Development with Phase 1 Funding of €500 Million ($546M USD)

2024-03-13T17:09:36-07:00

Progress report three years after the launch of the national strategy for quantum technologies and launch of the PROQCIMA program In a bid to make France the center of gravity of the global quantum industry, the government has launched a French National Strategy for quantum that included projected investments of €1 billion ($1.1B USD) from the government over a four year period with additional investments being made by the private sector. France has made considerable progress is enjoying significant quantum startup activity and private funding in the country as well as gains in attracting and developing talent. To further accelerate progress [...]

French Government Launches the PROQCIMA Program for Quantum Computing Development with Phase 1 Funding of €500 Million ($546M USD)2024-03-13T17:09:36-07:00

Podcast with Anca Albu of QAI Ventures

2024-03-06T16:23:44-08:00

QAI Ventures just celebrated its first anniversary as a $50 million, early-stage venture fund and startup accelerator. Anca Albu is the chief marketing officer at QAI Ventures and works with entrepreneurs to help them craft compelling stories about their work. She helped build the largest and most active angel investor network in Switzerland, so she knows what it takes to build a community of funders, mentors and supporters around a new industry. In this episode, she explains lessons learned after one year, the importance of storytelling for quantum leaders, and what’s next for her team. Transcript Veronica Combs: Hello, and welcome [...]

Podcast with Anca Albu of QAI Ventures2024-03-06T16:23:44-08:00
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