Quantum Computing Inc. 3Q Report: Focus on Loss Reduction While Building Partnerships
Insider Brief Quantum Computing Inc. (Nasdaq: QUBT) reported third-quarter revenue of $101,000, an increase from $50,000 in the same period last year, according to a company statement on its 3Q 2024 financial report. Despite the increase in revenue, gross margins fell from 52% to 9%. Usually, a drop in gross margins means the company is […]
IonQ’s Third-Quarter Results: Revenue Guidance Raised Amid Strategic Acquisitions, Partnerships
Insider Brief IonQ (NYSE: IONQ) announced yesterday that its third-quarter earnings exceeded earlier guidance, reporting $12.4 million in revenue, according to a company statement. This figure represents a more than double — 102% — increase over the same period last year, reflecting growing demand for quantum technology solutions. Citing strong momentum, IonQ raised its full-year […]
Researchers Explore Layered Hybrid Superlattice Sandwich To Serve Up Versatile Quantum Devices
Insider Brief Mmmm… atomic-scale sandwich. A team of scientist, which includes members from the U.S. and China, report a new “layered” approach to building hybrid quantum materials could pave the way for more adaptable and powerful quantum devices. The researchers describe the innovation — called layered hybrid superlattices (LHSLs) — in the perspectives section of […]
SPINUS Project Uses Diamonds to Build Scalable, Room-Temperature Quantum Computers for Real-World Applications
Insider Brief: PRESS RELEASE — European scientists are using diamonds to build a new quantum computer that works without needing to be cooled to ultra-low temperatures. This technological approach promises to make quantum computers more practical and scalable, leading, for example, to faster development of life-saving drugs and more powerful optimisation algorithms in the finance […]
IonQ and Ansys Partner to Integrate Quantum Computing into Engineering Simulations
Insider Brief: PRESS RELEASE — IonQ, a leader in the quantum computing industry, and Ansys (Nasdaq: ANSS), have joined forces to integrate quantum computing into the $10B computer-aided engineering (CAE) industry.* Together, IonQ and Ansys aim to accelerate simulation, expand high-fidelity design exploration, and reduce product development timelines, enabling faster market entry for innovative products. […]
IonQ Announces Acquisition of Qubitekk
Insider Brief PRESS RELEASE — IonQ (NYSE: IONQ) announced that it has reached a definitive agreement to acquire substantially all of the operating assets of Qubitekk, Inc., a leading Vista, CA-based quantum networking company. As part of the transaction, the Qubitekk team will join IonQ to further enhance IonQ’s leading position in the quantum networking […]
Time Will Tell: Quantum-Based Atomic Clocks in Space Put Einstein’s Theory to the Ultimate Test
Insider Brief: Atomic clocks, which rely on the quantum transitions of atoms like cesium and hydrogen, use these atomic vibrations to achieve the ultimate precision in timekeeping. This accuracy supports innovation in global positioning, telecommunications, and tests of fundamental physics. One ongoing application is the Atomic Clock Ensemble in Space (ACES) mission, developed by the […]
A Look At The Official Opening of UK’s National Quantum Computing Centre
The UK officially launched the National Quantum Computing Centre (NQCC), a new 4,000-square-meter facility at Harwell Campus, aiming to drive advances in quantum technology across industries. As seen in this video, the October 25 event, highlighted by the attendance of Science Minister Lord Vallance, showed off the Centre, which will host 12 quantum computers with […]
Rigetti Regains Compliance with Nasdaq Listing Standards
Insider Brief: PRESS RELEASE — Rigetti Computing, Inc. announced today in a release that it has regained compliance with the Nasdaq Capital Market’s listing standard for minimum share price requirements under Nasdaq Listing Rule 5550(a)(2). Nasdaq confirmed this status on November 4, 2024, after Rigetti’s common stock maintained a closing bid price of at least […]
Benchmarking Results: D-Wave’s 4,400+ Qubit Advantage2 Processor Can Tackle Materials Science Tasks 25,000 Times Faster
Insider Brief PRESS RELEASE — D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services and the world’s first commercial supplier of quantum computers, today announced that it has completed the calibration and benchmarking of a 4,400+ qubit Advantage2™ processor. This milestone marks a significant step in D-Wave’s ongoing development of […]