South Korean Quantum Computing Company SDT Raises $7.5M USD to Commercialize First Quantum Computer
Insider Brief: (The following was translated from Korean to English using ChatGPT) PRESS RELEASE—Quantum standard technology company SDT announced on the 28th that it successfully secured a 10 billion KRW (approximately 7.5 million USD) Pre-IPO investment from Shinhan Venture Investment. SDT, which is in the process of raising a total of 20 billion KRW (approximately […]
Novo Nordisk Foundation Helping to Build Denmark’s First Quantum Computer
Insider Brief The Novo Nordisk Foundation has announced an initiative to develop Denmark’s first fully functional quantum computer by 2034. This ambitious program, launched in collaboration with the University of Copenhagen, aims to change the game in life sciences and tackle critical global challenges such as climate change. Mads Krogsgaard Thomsen, CEO of the Novo […]
French National Quantum Update — August 2024
Executive Summary French companies, policymakers and researchers are earning global respect for their leadership in quantum. Pasqal was mentioned in a list of startups to watch in France alongside some of nation’s leading entrepreneurial companies, including Mistral AI and Moon Surgical. Qubit Pharmaceuticals was nominated for “Best Start-up” Award at Prix Galien, which is considered […]
Nu Quantum CEO Urges U.K. Government to Maintain Investment in Quantum Technologies
Insider Brief Now is not the time to cut funding in what could be world-changing technology, a leading UK quantum executive is telling the nation’s new Labour government. In an op-ed published in Fortune, Carmen Palacios-Berraquero, founder and CEO of Nu Quantum, a Cambridge University spin-out, makes a plea to the U.K. government to maintain […]
NSF Awards $5 Million in Pursuit of the World’s First National Quantum Virtual Laboratory
Insider Brief: The National Science Foundation (NSF) announced earlier this month the selection of five recipients to receive $1 million each in funding to pursue projects aligned with developing the NSF National Quantum Virtual Laboratory (NQVL). The NQVL will be the first of its kind: a national resource designed to encourage the development of quantum […]
Volkswagen Data:Lab and University of Innsbruck Formulate QUBO-Based Solutions for Ride Pooling, Linking Quantum Computing to Real-World Optimization Challenges
Insider Brief: A recent study in Nature, conducted by Volkswagen Data: Lab and the Institute for Theoretical Physics at the University of Innsbruck, explored QUBO as a framework to model the Ride Pooling Problem (RPP). The RPP captures the optimization challenge that arises when pooling multiple customer requests for on-demand pickups and drop-offs with only […]
India’s DRDO Scientists Complete Testing of 6-Qubit Superconducting Quantum Processor
Insider Brief PRESS RELEASE — Scientists from Defence Research and Development Organisation — DRDO — Young Scientists Laboratory for Quantum Technologies (DYSL-QT), Pune and Tata Institute of Fundamental Research (TIFR), Mumbai have completed end-to-end testing of a 6-qubit quantum processor based on superconducting circuit technology. The demonstration was carried out in front of the apex […]
Juniper Ventures Makes Strategic Investment In Quantum Bridge Technologies as Quantum Computing Threats Loom
Insider Brief PRESS RELEASE — Juniper Networks (NYSE: JNPR), a leader in secure, AI-Native Networking, today announced a strategic investment in Quantum Bridge Technologies , an industry leader in Distributed Symmetric Key Exchange (DSKE) for post-quantum cryptography (PQC) networks. This investment showcases Juniper’s commitment to advancing quantum-safe communications by enabling Quantum Bridge to further scale […]
Amazon Braket Cloud Computing Platform Announces Rigetti Ankaa-2 Superconducting Quantum Processor for Continuous Access
Insider Brief: According to a recent post by AWS, the Amazon Braket platform has added the the 84-qubit superconducting Rigetti Ankaa-2 quantum processor, now available to all users for executing circuits throughout the day. This addition grants long-desired accessibility and efficiency to developers worldwide, providing them access to a virtual laboratory around the clock. Quantum […]
Fujitsu and QIQB Achieve Quantum Advantage Advance, Cutting 5-Year Classical Computation to 10 Hours with 60,000 Qubits
Insider Brief PRESS RELEASE — Fujitsu Limited and the Center for Quantum Information and Quantum Biology at Osaka University (QIQB) today announced the joint development of two new technologies for the space-time efficient analog rotation quantum computing architecture that will accelerate the realization of practical quantum computing. Fujitsu and QIQB have leveraged these new technologies, […]