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D-Wave Quantum Inc. has announced its Q1 2025 financial results. A quick summary of some key financial metrics comparing Q1 2025 versus Q4 2024 and the year ago quarter of Q1 2024 is shown in the chart below. D-Wave reached a record level of revenue of $15 million in Q1 2025 helped substantially by completion of the first Advantage processor installation at Forschungszentrum Jülich (FZJ). And their Net Loss also came in substantially improved at $5.4 million versus $17.3 million in the year ago quarter. This was helped by the increased revenue as well as beneficial change in the fair value of [...]

First Quarter Financial Results IonQ has announced its Q1 2025 financial results. A quick summary of some key financial metrics comparing Q1 2025 versus Q4 2024 and the year ago quarter of Q1 2024 is shown in the chart below. Revenue for the first quarter of 2025 was essentially flat with the revenue achieved in the year ago quarter. However, the companies cash balance increased significantly to almost $700 million due to the raise of $700 million through an At-the-Market offering. Although the Net Loss came in about $7.3 million lower than the year ago quarter, this quarters report benefitted from a [...]

ORCA Computing and ParTec AG have announced a strategic partnership to deliver quantum-accelerated AI Factories, marking a new phase in enterprise-ready quantum computing. Under this agreement, ORCA’s photonic quantum systems will be deployed within ParTec’s AI supercomputing environments, including two of the world’s upcoming largest supercomputers—ELBJUWEL at Helmholtz-Zentrum Dresden-Rossendorf and VESUVIO at Università di Napoli Federico II. These systems are designed for AI-as-a-Service, supporting next-generation use cases in mobility, aerospace, cybersecurity, and healthcare. The joint solution merges ParTec’s high-performance computing (HPC) and AI infrastructure with ORCA’s room-temperature, low-latency photonic quantum computers. This approach enables real-time hybrid computing architectures with rapid deployment [...]

UK-based startup Moth and electronic artist ILĀ have collaborated to produce RECURSE, the world’s first commercially released music track created using quantum-powered generative AI. The track was developed using Moth’s Archaeo platform, which integrates quantum machine learning—specifically Quantum Reservoir Computing (QRC)—with artist-provided inputs to generate musical elements like bass, synth, and drums. Final sequences were processed on IQM Quantum Computers hardware, showcasing a hybrid workflow combining classical and quantum methods. Unlike standard AI models that rely on scraping large datasets, Archaeo works with small, curated datasets provided directly by the artist, offering improved creative control and preserving originality and authorship. ILĀ [...]

Researchers at the Rochester Institute of Technology (RIT) and the University of Rochester have successfully developed and demonstrated the Rochester Quantum Network (RoQNET), a quantum communications testbed connecting their campuses via 11 miles of optical fiber. The system transmits information using single photons at room temperature, advancing efforts toward scalable and secure quantum communications using existing telecom infrastructure. RoQNET serves as a prototype for distributed quantum entanglement over fiber lines. The team uses integrated quantum photonic chips for generating entangled photons, and solid-state-based quantum memory nodes. These technologies are considered essential for the development of quantum internet infrastructure that can interconnect [...]

Allstate Corporation has joined the Chicago Quantum Exchange (CQE) as a corporate partner, becoming one of the first major insurance companies to explore quantum computing’s potential for transforming the industry. The move positions Allstate within a leading research and innovation ecosystem as it seeks to leverage quantum technologies to improve customer service, operational efficiency, and long-term business strategy. The company views quantum computing as a frontier tool for accelerating data analysis, enhancing risk assessment, and advancing fraud detection. While the technology remains in development, Allstate aims to explore its near-term use in boosting AI, machine learning, and digital decision-making. The CQE [...]

IonQ has completed the acquisition of a controlling stake in ID Quantique (IDQ), a leader in quantum-safe networking and quantum detection systems. This strategic acquisition enhances IonQ's position in quantum networking, enabling the company to build a Quantum Internet and accelerate industry applications. The acquisition adds IDQ's quantum key distribution (QKD) systems, quantum random number generators (QRNGs), and single-photon detectors to IonQ's product portfolio. It also brings nearly 300 patents, boosting IonQ's intellectual property holdings to over 900 patents, solidifying its leadership in quantum technologies. For additional details, read the full press release available on the IonQ website here as well [...]

Origin Quantum Computing Technology Co, based in Hefei, has unveiled Origin Tianji 4.0, China’s fourth-generation fully self-developed quantum control system, marking a major milestone in the country’s drive toward scalable quantum computing. Designed to support over 500 qubits, Tianji 4.0 builds on its predecessor used in the Origin Wukong quantum computer and introduces substantial upgrades in integration, automation, and signal precision, serving as the “neural center” for managing quantum chip operations. The Tianji 4.0 system introduces a modular and standardized engineering model that transforms complex quantum chip calibration into a process executable by general engineers, rather than specialists. It tightly integrates [...]

QphoX, Rigetti Computing, and the UK National Quantum Computing Centre (NQCC) have launched a collaborative project to develop and demonstrate the optical readout of all qubits in a superconducting quantum processor. Funded by RVO and Innovate UK via the Eureka network, the 33-month program builds on prior work where a single superconducting qubit was successfully read out using an optical signal through microwave-to-optical transduction. This method promises major thermal and wiring advantages by replacing conventional microwave amplifiers with optical fiber links. The new project will scale QphoX’s microwave-to-optical transduction technology and integrate it with Rigetti’s 9-qubit Novera™ QPU, to be operated [...]

Qoro Quantum and the Galician Supercomputing Center (CESGA) have successfully completed a two-week pilot project demonstrating scalable, distributed quantum circuit simulations using CESGA’s QMIO infrastructure and the distributed quantum emulator CUNQA. The collaboration focused on running parallelized versions of the Variational Quantum Eigensolver (VQE) and Quantum Approximate Optimization Algorithm (QAOA) using Qoro’s orchestration platform and CESGA’s high-performance computing (HPC) resources. Integration between the systems was seamless, with Qoro’s Divi software automating algorithm parallelization and scheduling workloads across ten HPC nodes, showing that complex quantum simulations can run efficiently in distributed environments. In the VQE use case, Qoro simulated hydrogen molecules using [...]