Mitsubishi Electric, Quantinuum K.K., and Partners Pursue Multi-Device Connectivity Research for Scalable Quantum Computing
Insider Brief: PRESS RELEASE — Mitsubishi Electric Corporation announced today it has signed a joint research agreement with Quantinuum K.K., Keio University, SoftBank Corp., Mitsui & Co., Ltd., YOKOHAMA National University, and LQUOM, Inc. Their collaboration aims to enable deployable and scalable quantum information processing by achieving and demonstrating the connection of multiple quantum devices […]
AWS Unveils Ocelot, Its First Quantum Computing Chip
Insider Brief Amazon Web Services (AWS) introduced Ocelot, its first quantum computing chip, which the company labels a significant step toward building practical quantum computers capable of solving complex problems beyond the reach of conventional machines. The chip, developed at the AWS Center for Quantum Computing at Caltech, is designed to address one of the […]
Hybrid Quantum Approach Could Help Astronauts on Deep Space Missions
Insider Brief A just published study proposes a hybrid quantum-classical computing framework to improve space mission operations, aiming to integrate emerging quantum technology with conventional spacecraft systems to solve complex problems more efficiently. Published in the Journal of Industrial Information Integration, the study addresses a fundamental challenge in space computing: while quantum computers hold the […]
Connected DMV Announces 2025 Global Industry Challenge
Insider Brief PRESS RELEASE- Connected DMV announced the launch of the 2025 Global Industry Challenge, a competition for innovators, entrepreneurs, and industry leaders to collaborate and solve practical use cases using quantum, AI, and quantum-adjacent technologies. The Global Industry Challenge is a groundbreaking opportunity for industry leaders, investment partners, and quantum ecosystems worldwide to collaborate […]
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 […]