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Classiq Technologies has announced a major milestone in financial quantum computing, achieving up to 95% quantum circuit compression in Monte Carlo simulation algorithms for credit portfolio risk management. The project was conducted in partnership with Sumitomo Corporation and Mizuho–DL Financial Technology, aiming to assess the feasibility of quantum algorithms in real-world financial applications, particularly in simulating large-scale probabilistic models used for Value at Risk (VaR) calculations. Monte Carlo methods are widely used in finance for tasks such as derivative pricing and asset risk assessment but are computationally intensive due to the large number of random scenarios required. Mizuho–DL FT introduced a [...]

QuNova Computing has introduced its HiVQE Chemistry function to IBM’s Qiskit Functions Catalog, offering researchers a new tool for solving electronic structure problems in quantum chemistry. The Handover Iterative Variational Quantum Eigensolver (HiVQE) algorithm, which underpins the function, combines quantum and classical computing resources to efficiently estimate the ground state of molecular systems. This hybrid quantum-classical approach focuses on a subset of the most relevant electron configurations, significantly reducing computational complexity while maintaining high accuracy. By leveraging quantum hardware to explore candidate configurations and classical computing to calculate resulting wave functions, the algorithm enables researchers to study larger molecular systems and construct precise potential energy surfaces. These [...]

Quantum Computing Inc. (QCI) has announced its Q4 2024 and full year 2024 financial results. A summary of key financial metrics comparing Q4 2024 with Q3 2024 as well as the full year comparison of 2024 versus 2023 is shown in the table below. The company significantly improved it's cash position in 2024. By the end of the year, the company had raised $167.8 million through its issuance of common stock and $20.1 million through its issuance of convertible promissory notes and other debt for a total of $187.9 million. Operational highlights include NASA collaborations for quantum remote sensing and phase unwrapping, [...]

Nokia, Honeywell Aerospace Technologies, and Numana have announced a strategic partnership to advance Quantum-Safe Networks (QSN) in Quebec, Canada, and globally. The collaboration aims to drive innovation, accelerate the adoption of secure networking technologies, and raise awareness about the importance of quantum-safe communications for safeguarding digital infrastructure. The partnership leverages Numana’s Kirq Quantum Communication Testbed, a facility designed for testing and validating quantum-resistant and quantum communication technologies. Nokia will contribute its expertise in post-quantum networking, including advanced IP routers, high-capacity optical transport nodes, and quantum-safe cryptographic technologies. Honeywell Aerospace Technologies will provide quantum-secure encryption keys for satellite-to-terrestrial communications, enhancing the security of data transmitted from space to [...]

Diagrams explaining the LR-QAOA Benchmarking Process - See originals at https://arxiv.org/pdf/2502.06471 A team from the Julich Supercomputing Centre, AIDAS, RWTH Aachen University, and Purdue University has released a paper that describes a new quantum benchmarking protocol called Linear Ramp Quantum Approximate Optimization Algorithm (LR-QAOA) which they tested on 19 different QPUs from five vendors: IBM, IQM, IonQ,Quantinuum, and Rigetti for problem sizes requiring from Nq = 5 to Nq = 156 qubits. The tests included three different qubit topologies, 1D-chain, native layout, and fully connected graphs, qubit counts that ranged from 5 to 156, and LR-QAOA layer count (parameter p) that [...]

At the APS Global Physics Summit 2025, Orange Quantum Systems officially revealed OrangeQS Juice, a new full-stack operating system designed specifically for quantum R&D labs. Juice provides unified control, monitoring, and debugging of complex quantum systems, addressing key challenges such as multi-instrument coordination, system-wide data correlation, and collaborative experiment management. The software is optimized for quantum computing research and qubit development, integrating both hardware abstraction and customizable APIs to accommodate third-party tools. OrangeQS Juice will be launched in a closed beta program with early adopters including the Advanced Quantum Testbed (AQT) at Berkeley Lab, Chalmers Next Labs, and the DiCarlo Lab [...]

Microsoft's release in February of a technical paper on Nature as well as a post of a pre-print paper discussing Roadmap to fault tolerant quantum computation using topological qubit arrays on arXiv has generated a lot of discussion amongst quantum physicists and others on the viability of this approach. In order to provide additional information about their work on this technology, Dr. Chetan Nayak gave a presentation at the recent APS 2025 conference in Anaheim, California with supplementary data that provides further insight into Microsoft's work. Later that day, GQI sat down with Dr. Nayak to further discuss this technology and, [...]

Oxford Instruments NanoScience, Oxford Quantum Circuits (OQC), and Quantum Machines (QM) have unveiled a new collaborative initiative called Architect, an open-architecture quantum computing platform designed to accelerate workforce training and hands-on education in quantum technologies. The platform integrates OQC’s 8-qubit Lucy Gen2 processor, Quantum Machines’ OPX1000 high-density controller, and Oxford Instruments’ ProteoxMX dilution refrigerator. Architect targets key challenges in the quantum industry, such as talent development and access to real hardware, by providing an open, reconfigurable system tailored for both academic and commercial environments. Each component of Architect has been validated independently and in integrated deployments. OQC’s Lucy Gen2 processor, based [...]

At the opening of the SupercomputingAsia 2025 (SCA2025) conference, Singapore's Minister for Digital Development and Information, Mrs. Josephine Teo, announced the launch of the Hybrid Quantum-Classical Computing (HQCC 1.0) initiative. Led by the National Quantum Office (NQO), this national effort aims to accelerate the convergence of high-performance computing (HPC) and quantum computing to address complex industrial and scientific challenges. The initiative marks a strategic investment in future-ready infrastructure and talent to position Singapore at the forefront of hybrid computational research. Backed by S$24.5 million SGD ($18.3 million USD) from the National Research Foundation (NRF), HQCC 1.0 focuses on middleware development, software [...]

Norma, a South Korean quantum security and computing firm, has signed a memorandum of understanding (MOU) with game developer Neowiz to collaborate on applying quantum computing, quantum algorithms, and quantum AI in the gaming industry. The partnership follows an investment from Neowiz Holdings earlier this year and will focus on joint research, development, and commercialization of quantum technologies for game design and infrastructure. Key areas of collaboration include the integration of quantum computing into game development workflows, development of quantum-enhanced AI algorithms to address current limitations in conventional machine learning models, and the implementation of quantum security technologies to enhance cybersecurity [...]