Mohamed Abdel-Kareem

Pasqal, a neutral atom quantum computing company, and LG Electronics have announced a strategic partnership under which LG Electronics will take an equity investment in Pasqal. The collaboration is intended to advance quantum computing toward industrial applications and accelerate the industrialization of quantum hardware. The partnership focuses on two key areas of joint R&D: quantum algorithms and core hardware technologies. The companies will co-develop quantum algorithms to address LG's industrial challenges, including multiphysics simulation, optimization, and material discovery. Concurrently, they will jointly explore collaboration opportunities in enabling technologies for neutral atom quantum computing infrastructure, such as optical and electronic components and [...]

IonQ has announced its third-quarter 2025 financial results, highlighting substantial revenue growth, major technical milestones, and a record balance sheet following strategic financing and acquisitions. The table below summarizes key GAAP financial metrics for Q3 2025, with comparisons to the prior quarter (Q2 2025) and the year-ago quarter (Q3 2024). Amounts in $MQ3'2025Q2'2025Q3'2024% vs Q2'2025% vs Q3'2024Revenue$39.9$20.7$12.492.6%221.5%Operating Expenses$208.7$181.3$65.515.1%218.4%Operating Loss($168.8)($160.6)($53.1)5.1%217.7%Net Loss($1,055.6)($177.5)($52.5)494.7%1910.8%Cash, Cash Equivalents, and Investments$1,485.0$656.8$382.8126.1%287.9% Financial and Strategic Overview IonQ reported Q3 2025 revenue of $39.9 million, exceeding the high end of its guidance by 37% and representing 221.5% growth year-over-year. The company raised its full-year 2025 revenue guidance to a range [...]

IonQ (NYSE: IONQ), in collaboration with a Swiss consortium of academic, enterprise, and public institutions, has successfully deployed the Geneva Quantum Network (GQN), the nation’s first dedicated citywide quantum network. This infrastructure links key institutions across the region using hundreds of kilometers of existing fiber optic infrastructure. The consortium includes the University of Geneva (UNIGE), CERN, Rolex SA, the Haute École du Paysage, d’Ingénierie et d’Architecture (HEPIA), and the Cantonal Office for Information Systems and Digital Technology (OCSIN). The network’s architecture relies on quantum key distribution (QKD) and quantum detection systems from ID Quantique (IDQ), an IonQ company. The GQN is intended to advance quantum cybersecurity, communications, and metrology research. Key technical [...]

Alice & Bob, a quantum computing company, and the Science and Technology Facilities Council’s (STFC) Hartree Centre have announced a collaboration to integrate Alice & Bob’s future QPUs with high-performance computing (HPC) environments via SLURM. SLURM is the widely used workload management system for supercomputers. The integration is intended to make Alice & Bob’s cat-qubit technology compatible with existing HPC workflows, allowing quantum processors, GPUs, and CPUs to be comanaged by the workload management system. SLURM allocates computing resources and schedules jobs to run efficiently, which is critical for maximizing throughput in hybrid quantum–classical workflows. Alice & Bob specializes in cat [...]

Oxford Quantum Circuits (OQC) and Digital Realty (NYSE: DLR) have announced the launch of the first Quantum-AI Data Centre in New York City. The center, located at Digital Realty’s JFK10 facility and built with NVIDIA GH200 Grace Hopper Superchips, is a flagship initiative of the UK–US Tech Trade Partnership. Oxford Instruments NanoScience (OIN) announced that its ProteoxLX dilution refrigerator is integrated into the facility to support OQC’s GENESIS quantum computer. The ProteoxLX provides the ultra-low temperature environment (base temperature <7 mK) and cooling power required to support the device, which features 16 logical qubits. The OIN system is designed for quantum computing [...]

D-Wave Quantum Inc. (NYSE: QBTS) and BASF, a chemical company, have completed a proof-of-concept project that used a hybrid-quantum application to optimize manufacturing workflows in a BASF liquid-filling facility. The application achieved a significant reduction in production scheduling time from 10 hours using an industrial-grade classical solver to just five seconds. The hybrid-quantum application was designed to improve efficiency in the facility by optimizing task scheduling and liquid tank assignments. The application delivered quantifiable improvements over an existing classical solution, reducing lateness by 14%, decreasing setup times by 9%, and shortening tank unloading durations by up to 18%. The project demonstrated [...]

Quantinuum has announced the commercial launch of Helios, a new general-purpose commercial quantum computer, positioning it for enterprise adoption. Helios features 98 all-to-all connected physical qubits with a single-qubit gate fidelity of 99.9975% and a two-qubit gate fidelity of 99.921% across all qubit pairs. The company points out that in its previous systems they were able to continually improve the performance metrics over time and expect that they will be able to do something similar with Helios in the future. The system, which builds on its predecessor H2, was previously tested out with a select group of beta users and now [...]

Classiq, a quantum software development platform company, has announced that its platform is now available on AWS Marketplace. This new listing allows enterprises to purchase the platform using existing Amazon Web Services (AWS) budgets and credits, streamlining procurement for organizations building or scaling their quantum computing capabilities. Through AWS Marketplace, customers can access Classiq’s full-stack development platform to design and synthesize hardware-aware quantum circuits, explore new algorithmic designs, and build production-ready quantum capabilities. The platform features Qmod, a high-level modeling language for expressing quantum algorithms, and an advanced synthesis engine that automatically generates optimized, hardware-aware circuits. The availability on AWS Marketplace [...]

The U.S. Department of Energy (DOE) has announced $625 million in total funding to renew its five National Quantum Information Science (QIS) Research Centers (NQISRCs), originally established under the National Quantum Initiative Act. The renewed awards, selected by competitive peer review, will last for up to five years, with $125 million allocated in Fiscal Year 2025. The renewal is intended to advance American leadership in QIS by focusing resources on core R&D and strengthening the quantum innovation ecosystem. Each NQISRC will support fundamental science, develop unique tools, and apply quantum technology to DOE’s most pressing scientific and national security challenges. Key [...]

Quantum Brilliance (QB), a developer of diamond-based quantum technology, has announced the official opening of the Quantum Diamond Foundry in Melbourne, Australia. The facility is positioned as the world’s first commercial facility dedicated to producing quantum-grade synthetic diamond at scale. The foundry’s mission is to accelerate the design and fabrication of diamond quantum devices by supplying high-performance quantum diamonds at scale. The project received significant government investment, including $18 million in total support from the Allan Labor Government through Breakthrough Victoria and an initial $13 million investment from the Albanese Labor Government's National Reconstruction Fund. The combined public investment is intended [...]