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PsiQuantum has announced the appointment of Lip-Bu Tan to its Board of Directors. Tan, a titan of the semiconductor industry and current CEO of Intel Corporation, brings decades of experience in building and scaling foundational computing technologies. Formerly the CEO of Cadence Design Systems, Tan’s expertise in electronic design automation and global semiconductor ecosystems will support PsiQuantum as it scales its silicon photonics platform and deploys utility-scale quantum facilities in Chicago and Brisbane. His appointment follows the recent arrival of Victor Peng (former President of AMD) as Interim CEO. The full announcement is available here. The European Commission has launched the [...]

IBM has announced a major dual expansion of its technology ecosystem, launching the FutureNow Chicago delivery center at the Illinois Quantum and Microelectronics Park (IQMP) and transitioning its long-standing academic partnership into the new MIT-IBM Computing Research Lab. The Chicago initiative will create 750 new full-time jobs in AI, cybersecurity, data science, and quantum computing. Meanwhile, the Cambridge-based research lab will expand its mission beyond foundational AI to explore the convergence of quantum algorithms and hybrid computing systems, targeting breakthroughs in materials science, chemistry, and biology. In Illinois, IBM will serve as an anchor tenant in the IQMP’s Quantum Works building, [...]

Mandeville Ventures Inc. (TSXV: MAND.P), a capital pool company, has entered into a definitive amalgamation agreement to acquire Ottawa-based cybersecurity firm Quantropi Inc. The transaction, announced on April 24, 2026, is intended to serve as Mandeville’s "qualifying transaction" under TSX Venture Exchange policies. Upon completion, the combined entity will be renamed Quantropi Corp. The deal is structured as a three-cornered amalgamation. Quantropi shareholders will receive Mandeville common shares on a one-for-one basis following a 1-for-3.816 share consolidation of Mandeville’s existing stock. The merger is contingent on Quantropi completing a private placement of at least US$2 million, of which approximately US700,000hasalreadybeensecured.Additionally,QuantropiplansaconcurrentequityfinancingofuptoUS5 million [...]

Monarch Quantum and Oratomic have entered a strategic partnership to accelerate the development of utility-scale, fault-tolerant quantum computers. The collaboration integrates Monarch’s specialized photonics systems with Oratomic’s neutral atom computing architecture. Under the agreement, Monarch Quantum will act as the systems integrator, providing its proprietary Quantum Light Engines™ and managing large-scale manufacturing to support Oratomic’s roadmap toward commercially viable hardware. The partnership aims to deliver quantum systems featuring tens of thousands of physical qubits capable of encoding thousands of error-corrected logical qubits by 2030. This target is notably lower than previous industry estimates, which suggested that one million or more physical [...]

Haiqu, a New York-based quantum middleware developer, and HSBC have published peer-reviewed research in Physical Review Research demonstrating a method to overcome one of quantum computing's most significant hurdles: quantum state preparation. This process involves encoding classical data (such as financial probability distributions) into quantum states so that quantum algorithms can process them. The research focuses on creating shallow quantum circuits—meaning circuits with fewer operations and lower depth—which are less susceptible to the noise and errors prevalent in today’s Near-Intermediate Scale Quantum (NISQ) devices. Technical Breakthrough: MPS-Based Encoding The joint team utilized Matrix Product States (MPS), a tensor network method, to [...]

IBM has submitted a proposal to the Town of Poughkeepsie Planning Board to construct a new 511,000-square-foot quantum computing facility at its historic Poughkeepsie campus. The project involves the demolition of two existing buildings totaling 161,000 square feet to accommodate a manufacturing and assembly center for the company’s next-generation Starling quantum systems. Once completed, the expansion will bring IBM’s total Poughkeepsie footprint to approximately 3.9 million square feet and create an estimated 200 permanent jobs. The IBM Quantum Starling, scheduled for a 2029 release, is a central milestone on the company’s development roadmap. It is designed to be a large-scale, fault-tolerant [...]

IonQ (NYSE: IONQ) and Florida LambdaRail (FLR) have announced a Master Service Agreement to deploy a quantum-safe communication network across the state of Florida. Announced at the 2026 eMerge Americas Conference, the initiative marks the first phase of a broader effort to transition critical fiber infrastructure toward physics-based, quantum-secure protection. The initial project involves a 100-mile quantum corridor linking three research and education institutions between Palm Beach County and Miami-Dade County. The system utilizes IonQ’s Quantum Key Distribution (QKD) technology, which leverages the principles of quantum mechanics to detect interception attempts on encrypted data. Unlike traditional mathematical encryption, which is susceptible [...]

Yuval Boger interviews Lionel Martellini, finance professor at the EDHEC and founding director of the EDHEC Quantum Institute. Lionel describes his unusual path from finance to astrophysics and why business schools should teach quantum awareness to future leaders. They discuss core quantum concepts, the danger of overhyping “quantum washing,” and the real prospects for quantum applications in finance. The conversation also explores executive education, practical use cases, and how businesses should prepare for quantum technologies. Transcript Yuval Boger: Hello Lionel, and thank you for being here today. Lionel Martellini: Hi, it’s a pleasure. Yuval: So who are you and what do you do? Lionel: Ah, [...]

QuantX Labs has announced that a subsystem payload of TEMPO, its compact optical atomic clock, is now in orbit following a successful launch on March 30, 2026, via the SpaceX Transporter-16 mission. Developed in partnership with the Institute for Photonics and Advanced Sensing (IPAS) at Adelaide University, TEMPO is designed to provide timing performance up to ten times superior to current GNSS-based systems. The deployment serves as a functional demonstration of Australian-built quantum infrastructure capable of maintaining resilient communications and navigation in GPS-denied or electronic warfare environments. The orbital milestone coincides with the release of the Australian Government’s 2026 National Defence [...]

Quantum Art, an Israeli-based developer of full-stack trapped-ion quantum computers, has extended its Series A financing to $140 million. Led by Bedford Ridge Capital, the extension follows an initial $100 million round announced in December 2025 and includes new participation from Hudson Bay Capital, Poalim Equity, LIP Ventures, Wolverine Global Ventures, and IDA Ventures. The capital is designated for the development of Perspective, the company's 1,000-qubit multi-core system, and the advancement of optical technologies required for large-scale qubit scaling. Founded in 2022 as a spin-off from the Weizmann Institute of Science, Quantum Art utilizes a 2D trapped-ion architecture designed to overcome [...]