Infleqtion Reports New Advances in Neutral-Atom Quantum Computing
Insider Brief PRESS RELEASE — Infleqtion (NYSE: INFQ), a global leader in quantum computing and quantum sensing powered by neutral-atom technology, today highlighted recent quantum computing advances that strengthen the company’s progress toward utility-scale, fault-tolerant quantum computing: the release of resource-superstaq, a new open-source architecture-level resource estimation package; a record dual-species rubidium-cesium entangling gate; a new […]
Quantinuum and bp Explore Quantum Computing for Seismic Imaging
Insider Brief PRESS RELEASE — Quantinuum, a leading quantum computing company, today announced the launch of a new quantum project in collaboration with bp, the global integrated energy company, aimed at modernizing how the energy sector maps the Earth’s subsurface to locate oil and gas resources. Few tasks in today’s oil and gas sector demand […]
Atom Computing Signs Letter of Intent for $100 Million in U.S. Quantum Funding
Insider Brief PRESS RELEASE — Atom Computing, a leader in scalable, neutral-atom quantum computing, today announced it has signed a Letter of Intent (LOI) with the U.S. Department of Commerce to receive $100 million of funding to accelerate development of fault-tolerant, utility-scale quantum computing. This announcement marks a significant step in the government’s support of […]
Xanadu Announces $300 Million Synthetic At-The-Market Program
Insider Brief PRESS RELEASE — Xanadu Quantum Technologies Limited (“Xanadu” or the “Company”; (Nasdaq: XNDU) (TSX: XNDU), a leading photonic quantum computing company, today announced that it has entered into a synthetic at-the-market equity facility for up to $300 million (the “Program”) with YA II PN, Ltd. (“Yorkville Advisors”). The Company intends to use the net […]
The Quantum Economy Will Be Built on Glass
Photo credits: Fiber Broadband Association By Matt Cimaglia This week in Orlando, Michio Kaku stood in front of a few thousand fiber broadband executives and told them their industry is the nervous system of the next economy. He meant it more literally than most of the audience registered. The setting was Fiber Connect 2026, the […]
U.S. Department of Commerce Announces Letters of Intent With 9 Companies For $2 Billion
Insider Brief PRESS RELEASE — The Department of Commerce today announced the signing of 9 letters of intent to provide $2.013 billion in federal incentives under the CHIPS and Science Act. These funds will support a portfolio of quantum companies, including two domestic quantum foundry companies and 7 quantum computing companies to accelerate solving the […]
Quantinuum Enters into Letter of Intent with the U.S. Department of Commerce for Funding Opportunity to Accelerate U.S. Leadership in Quantum Computing
Insider Brief PRESS RELEASE — Quantinuum, a leading quantum computing company, today announced a letter of intent with the U.S. Department of Commerce’s CHIPS Research and Development Office. The letter of intent proposes that Quantinuum would receive federal funding to enable the development of large-scale, fault-tolerant trapped-ion quantum computers that are of national strategic importance. […]
GlobalFoundries Launches Quantum Technology Solutions
Insider Brief PRESS RELEASE — GlobalFoundries (Nasdaq: GFS) (GF) today launched Quantum Technology Solutions, a new quantum business to scale the manufacturing capabilities the quantum industry needs to achieve utility-scale quantum computing. The new business launches with customer engagements, and a pipeline of quantum innovators positioned to scale on its platform. With more than a […]
PsiQuantum Signs $100 Million Letter of Intent With the U.S. Department of Commerce
Insider Brief PRESS RELEASE — PsiQuantum announced today that the company has signed a Letter of Intent with the U.S. Department of Commerce for $100 million in proposed federal incentives under the CHIPS and Science Act to advance American quantum computing and semiconductor leadership. With these potential incentives, combined with co-investment by the company, PsiQuantum […]
Diraq Signs $38 Million Letter of Intent Under CHIPS Act to Scale Silicon Spin Technology
Insider Brief PRESS RELEASE — – Diraq, the quantum computing pioneer, today announced it has signed a Letter of Intent (LOI) with the U.S. Department of Commerce for up to $38 million in proposed federal funding from the CHIPS Research and Development Office. This award would support production and scaling of fault-tolerant silicon quantum computing […]