NYC Awards $29.2 million to New York University to Establish a Cutting-edge Quantum Fabrication Facility
Insider Brief PRESS RELEASE — Mayor Zohran Kwame Mamdani, Deputy Mayor for Economic Justice Julie Su and New York City Economic Development Corporation (NYCEDC) President and CEO Anthony Shorris announced the city will award $29.2 million to New York University to establish a cutting-edge Quantum Fabrication Facility (QFab), putting New York City at the front […]
SAXON Q Reports That Room-Temperature Quantum Computers Can Rival the Performance of Superconducting Processors
Insider Brief PRESS RELEASE — — SAXON Q, a leader in NV-center quantum computing, today released a paper showing that its room-temperature diamond-based system can perform on par with superconducting quantum computers cooled to near absolute zero. Running Grover’s search algorithm, a standard benchmark test for quantum performance, a SAXON Q system identified a single […]
EigenOrbit Releases Open-Source eigenkit Quantum Computing Library
Insider Brief PRESS RELEASE — EigenOrbit has released eigenkit, a free open-source Python library for quantum computing. With eigenkit, a quantum algorithm is written once and runs on a simulator on an ordinary laptop or on real quantum computers from IBM, IQM and the vendors available through Amazon Braket. Moving from one machine to another […]
IonQ Announces Pricing of $2.0 Billion Equity Offering
Insider Brief PRESS RELEASE — IonQ (NYSE: IONQ), a leading full-stack quantum platform and foundry, today announced the pricing of a $2.0 billion equity offering. “This investment will accelerate the commercialization of our full-stack quantum platform and is a tremendous vote of confidence in the trailblazing innovation that has defined IonQ,” said Niccolo de Masi, […]
INmune Bio and QCi Apply Quantum Optimization to XPro Research
Insider Brief PRESS RELEASE — INmune Bio Inc. (Nasdaq: INMB) and Quantum Computing Inc. (Nasdaq: QUBT) today announced a collaboration to apply quantum computing, artificial intelligence (AI) and data analytics to identify new potential applications for XPro (XPro1595), INmune Bio’s investigational treatment for Alzheimer’s disease and other disease conditions. The collaboration brings together INmune Bio’s data from […]
IBM and Siemens Collaborate to Advance 3D Nanostack Transistors
Insider Brief PRESS RELEASE — Today, IBM (NYSE: IBM), in collaboration with Siemens, announced new research aimed at advancing IBM’s nanostack architecture, a new transistor architecture unveiled by IBM earlier this year. The collaboration will bring together IBM’s leadership in semiconductor device innovation and Siemens’ expertise in electronic design automation (EDA), process simulation, lithography optimization, and […]
Siloton Wins £8.4 Million Innovate UK Contract for Quantum Eye Imaging
Insider Brief PRESS RELEASE — Bristol-based Siloton has been awarded a major contract to accelerate the development of its groundbreaking handheld eye imaging system, which makes the detection and monitoring of retinal diseases more accessible to patients. The med-tech start-up has secured £8.4 million from Innovate UK, part of UK Research and Innovation (UKRI), through […]
MIT Bengaluru Launches Quantum-Hub@MAHE With 25-Qubit System
Insider Brief PRESS RELEASE — Manipal Institute of Technology, Bengaluru (MIT Bengaluru) on Tuesday launched Manipal House of Quantum, Quantum-Hub@MAHE. Established by Manipal Academy of Higher Education (MAHE), an Institution of Eminence Deemed to be University, the initiative will advance quantum hardware experimentation, engineering education and indigenous technology development in alignment with India’s National Quantum […]
Classiq and FreeYa Mind Campus Partner on Quantum Computing in Romania
Insider Brief PRESS RELEASE — Classiq, a leading quantum computing software company, and FreeYa Mind Campus by S.C. Extensive Network SRL today announced a strategic commercial agreement to build quantum application development, education, enterprise and national capabilities at the campus’s hardware-enabled Quantum AI center in Iași, Romania. Under the agreement, FreeYa Mind Campus will offer […]
Quminex Raises CAD $1.5 Million to Advance Mineral Exploration Platform
Insider Brief PRESS RELEASE — – Quminex, an early-stage Canadian mineral exploration technology company focused on discovering Canada’s next major critical mineral deposits, today announces that it has secured $1.5 Million CAD of venture capital financing. The investment was led by Quantacet, joined by QAI Ventures, and angel investors. Quminex accelerates mineral exploration through advanced […]