IBM and Basque Government to Deploy Europe’s First IBM Quantum System Two
Insider Brief: PRESS RELEASE — The Basque Government, and IBM today announced plans to install Europe’s first IBM Quantum System Two at the IBM-Euskadi Quantum Computational Center on Ikerbasque Foundation’s main campus in San Sebastian, Spain (Gipuzkoa, Spain). The deployment builds on the organizations’ partnership, which began in 2023 as part of the BasQ initiative […]
Pasqal Expands Access to Quantum Computing Capabilities
Insider Brief PRESS RELEASE — Pasqal, a global leader in neutral-atom quantum computing, today announced an integration with Microsoft’s services that will render cloud-based access to Pasqal’s technology. Now, customers of the Microsoft Azure Quantum cloud service can leverage Pasqal’s quantum computer, which uses neutral-atom technology and offers a range of analog quantum computational capabilities […]
China Establishes Quantum-Secure Communication Links With South Africa
Insider Brief China has successfully extended ultra-secure quantum communication into the southern hemisphere for the first time, linking Beijing and South Africa using a quantum key distribution system, according to an article in the South China Morning Post. The announcement means that China is advancing efforts to create an intercontinental communication network resistant to hacking, […]
South Korea Launches Quantum Strategy Comittee, Allocates $15M Annually for Quantum Startups, But Some Warn It Falls Short
Insider Brief: PRESS RELEASE — According to a recent series of articles from ChosunBiz (here, here, and here), South Korea is launching a dedicated quantum investment fund and workforce development initiatives as part of its broader national strategy for quantum science and technology. The announcement follows the first meeting of the Quantum Strategy Committee, held […]
D-Wave Reports Record Bookings, But Revenue Stalls
Insider Brief D-Wave Quantum Inc. (NYSE: QBTS) reported record bookings of $23.9 million for fiscal year 2024, up 128% from the previous year, according to a statement, but its annual revenue remained flat at $8.8 million. The company also posted a net loss of $143.9 million, a sharp increase from $82.7 million in 2023, largely […]
Infleqtion Secures $6.2M ARPA-E Award to Advance Quantum-Powered Energy Grid Optimization
Insider Brief PRESS RELEASE — Infleqtion, a global leader in quantum information technologies, has been awarded $6.2 million in funding from the U.S. Department of Energy’s (DOE) Advanced Research Projects Agency-Energy (ARPA-E) to develop quantum-enhanced solutions for energy grid optimization. This marks the first-ever quantum technology award granted by ARPA-E and represents the largest grant […]
Lockheed Martin, Q-CTRL, and AOSense Partner to Develop Quantum-Enabled Navigation System for GPS-Denied Environments
Insider Brief: PRESS RELEASE — In a recent company post, Lockheed Martin announced it has been awarded a contract by the U.S. Department of Defense’s Defense Innovation Unit to prototype a quantum-enabled Inertial Navigation System, known as QuINS. This system is expected to provide precise location tracking without reliance on GPS, a necessary capability in […]
D-Wave Deep Dive: A Look at The Quantum Advantage Findings — And The Questions That Remain
Insider Brief D-Wave researchers reported that superconducting quantum annealers have demonstrated the ability to solve certain problems with greater accuracy and efficiency than leading classical methods, according to their study published in Science. The findings provide evidence that quantum processors can outperform classical computers in practical applications beyond tasks like boson sampling and random circuit […]
Quantum Internet Alliance Announces QNodeOS, the First Operating System for Quantum Networks
Insider Brief: PRESS RELEASE — Quantum Internet Alliance (QIA) researchers at TU Delft, QuTech, University of Innsbruck, INRIA, and CNRS recently announced the creation of the first operating system designed for quantum networks: QNodeOS. The research, published in Nature, marks a major step forward in transforming quantum networking from a theoretical concept to a practical […]
D-Wave Stakes Claim on Quantum Supremacy For Real-World Problem
Insider Brief PRESS RELEASE — D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services and the world’s first commercial supplier of quantum computers, today announced a scientific breakthrough published in the esteemed journal Science, confirming that its annealing quantum computer outperformed one of the world’s most powerful […]