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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 [...]

NVIDIA has launched the CUDA-Q™ platform at national supercomputing centers worldwide, including sites in Germany, Japan, and Poland. These centers will integrate the platform into their supercomputing systems to power quantum processing units (QPUs). For instance, Germany’s Jülich Supercomputing Centre (JSC) will deploy a QPU from IQM Quantum Computers alongside the JUPITER supercomputer, enhanced by the NVIDIA GH200 Grace Hopper™ Superchip. In Japan, the ABCI-Q supercomputer at the National Institute of Advanced Industrial Science and Technology (AIST) will incorporate a QPU from QuEra, powered by NVIDIA’s Hopper™ architecture. Meanwhile, Poland’s Poznan Supercomputing and Networking Center (PSNC) will install two photonic QPUs [...]

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 [...]

D-Wave Quantum Inc. and the University of Southern California (USC) have announced the renewal of their multiyear partnership, extending USC’s hosting of a U.S.-based Advantage™ quantum system. The system, housed within the USC Viterbi School of Engineering, facilitates ongoing exploration and adoption of annealing quantum computing solutions for businesses, researchers, and government entities. USC's extensive research efforts on D-Wave's quantum hardware have produced significant results on the performance and application of annealing quantum computing. D-Wave has been working with USC for over 10 years and this relationship has provided organizations with access to a U.S. based quantum annealing processor via D-Wave’s [...]

IQM Quantum Computers has announced plans to construct an industrial production unit for quantum computers and chips during the Choose France summit in Paris. This facility, to be located in France, will feature a high-throughput production process for large-scale quantum processors, a first of its kind in Europe. It will complement IQM's existing fabrication facility in Espoo, Finland. The project's first stage will involve the development of fabrication steps in pilot line mode within CEA-Leti in Grenoble. In an interview with Dr. Jan Goetz, Co-CEO of IQM, he explained that the decision to work with CEA-Leti is motivated by the desire [...]

 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 [...]

Purdue University has become the seventh member of the Chicago Quantum Exchange (CQE), aiming to contribute to the advancement of quantum information science and technology. The CQE, comprising leading academic and research institutions in the Midwest and more than 210 researchers serves as a collaborative platform to drive innovation in quantum computing, communication, and sensing. Purdue's participation, facilitated through its Quantum Science and Engineering Institute (PQSEI), consolidates the efforts of over 60 faculty members across various disciplines. This collaboration intends to accelerate research and development in chip-scale quantum systems and foster interdisciplinary partnerships with industry and government. The expansion of the [...]