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Qiskit Overview. Credit: IBM In the world of software, there is a concept known as Semantic Versioning to indicate the version number of the software that can indicate both the maturity of the software and the level of changes in the software when a new version is released. Typically, version labelled 0.xxx are known as early software, possible in a beta stage, that can be expected to see significant updates before it becomes a stable and released product. So, it is a big deal when a software product moves from 0.xxx to a 1.0 level which indicates the software at a [...]

D-Wave 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 Q1, the company showed continue, albeit lumpy, growth achieving a significant increase in revenue versus the year ago quarter. Bookings also showed continued growth with a Book/Bill ratio of 1.8 in Q1 2024. The number of customers they are working with also continued to increase numbering 128 total customers, 75 commercial customers, and 25 customers from the Forbes Global 2000. These customers are working on [...]

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 [...]