IonQ Revenue Nearly Doubles, but Losses Mount Amid Expansion Efforts
Insider Brief IonQ (NYSE: IONQ) reported $43.1 million in revenue for 2024, a 95% increase from the prior year, surpassing its guidance range, according to a company statement. The quantum computing firm also posted a net loss of $331.6 million, reflecting the high costs of expansion as it strengthens its position in quantum networking. The […]
IonQ Announces At-the-Market Equity Offering Program for up to $500 Million
Insider Brief PRESS RELEASE — IonQ (NYSE: IONQ), a leader in the quantum computing and networking industries, today announced that it has entered into an equity distribution agreement with Morgan Stanley & Co. LLC (“Morgan Stanley”) and Needham & Company LLC (“Needham”) under which it may offer and sell shares of its common stock having an aggregate offering […]
IonQ to Acquire Geneva-Based ID Quantique, Enters Into Global Quantum Strategic Partnership with SK Telecom
Insider Brief PRESS RELEASE — IonQ (NYSE: IONQ) announced that it has reached a definitive agreement with each of SK Telecom and ID Quantique (IDQ), a global leader in quantum safe networking and sensing headquartered in Geneva, Switzerland with offices in Seoul (South Korea), Vienna (Austria), and Boston (USA), to acquire a controlling stake in […]
IonQ Names Niccolo de Masi as President & Chief Executive Officer
Insider Brief PRESS RELEASE — IonQ, Inc. (NYSE: IONQ), a leader in the quantum computing and networking industries, today announced that the company’s Board of Directors has appointed Niccolo de Masi as President and Chief Executive Officer. Niccolo will begin this new role effective immediately, and Peter Chapman will continue in the leadership role of […]
PsiQuantum Announces Omega, a Manufacturable Photonic Quantum Computing Chipset
Insider Brief PRESS RELEASE — PsiQuantum today announces Omega, a quantum photonic chipset purpose-built for utility-scale quantum computing. Featured in a newly published paper in Nature, the chipset contains all the advanced components required to build million-qubit-scale quantum computers and deliver on the profoundly world-changing promise of this technology. Every photonic component is demonstrated with beyond-state-of-the-art […]
Turkcell and ID Quantique Demonstrate First Intercontinental QKD Over Fiber in Istanbul
Insider Brief: PRESS RELEASE — Turkcell and ID Quantique have completed the world’s first terrestrial intercontinental quantum key distribution over a fiber-optic link in Istanbul, according to a recent announcement. This demonstration advances the use of quantum technologies in securing telecommunications infrastructure. QKD is a cryptographic technique that uses quantum mechanics to generate encryption keys […]
Horizon Quantum Plans Public Listing, Deal Values Company at Approximately $500 Million
Insider Brief Horizon Quantum Computing plans to go public through a merger with dMY Squared Technology Group, a publicly traded special-purpose acquisition company, the companies said Monday in a statement. The deal, still in early stages, values Horizon Quantum at roughly $500 million. “We are excited to partner with the dMY team because of their […]
Q-CTRL Expands Presence in India Through Partnership with ELTECH Consulting
Insider Brief: PRESS RELEASE — According to a recent post from Electronics Era, with confirmation from Q-CTRL, Bangalore-based ELTECH Consulting has partnered with Q-CTRL to expand access to quantum education and error correction tools in India. The collaboration allows ELTECH to be an authorized re-seller of Q-CTRL’s Black Opal and Fire Opal software, intended to […]
U.S. Quantum Industry Pushing For More Federal Support, Appointing a ‘Quantum Czar’
Insider Brief The U.S. quantum industry wants stronger federal backing to maintain its competitive edge and sees a government-wide push as key to advancing the technology. That includes reauthorizing the National Quantum Initiative (NQI) Act and potentially appointing a “quantum czar” to coordinate efforts across agencies. Paul Stimers, executive director of the Quantum Industry Coalition, […]
Materials Developed at Purdue University Used in New Microsoft Quantum Qubit Platform
Insider Brief PRESS RELEASE – Microsoft Quantum published an article in Nature on Feb. 19 detailing recent advances in the measurement of quantum devices that will be needed to realize a topological quantum computer. Among the authors are Microsoft scientists and engineers who conduct research at Microsoft Quantum Lab West Lafayette, located at Purdue University. In an announcement […]