Study Observes Strong Noise Correlations Between Silicon Qubits
Insider Brief A team from Tokyo Institute of Technology and RIKEN has published a study in Nature Physics revealing significant noise correlations between pairs of silicon spin qubits, which could impact the development of scalable quantum processors. The research focused on measuring and quantifying the correlations of noise that may impair the performance of quantum […]
Photonic Raises $100 Million From BCI, Microsoft, and Other Investors
Insider Brief Photonic Inc. recently announced that it has has raised an investment round of $100 million USD. The funds were raised from organizations including British Columbia Investment Management Corporation (BCI), Microsoft Corporation, the UK government’s National Security Strategic Investment Fund (NSSIF), Inovia Capital, and Amadeus Capital Partners. Photon Inc. is building scalable, fault-tolerant, and […]
Hyper Intelligence Releases Quantum-Inspired Algorithm Designed to Reduce Cost of LLMs
Insider Brief Hyper Intelligence, Inc. announces the launch of quantum-inspired algorithm that enhances how Large Language Models operate on AI infrastructure. The product, Hyper.Train™, optimizes and removes redundancy within LLMs to reduce the cost of ownership for AI compute by at least 30% or more. Inefficiencies in LLM and Generative AI (GAI) can cost providers […]
IonQ Files $500 Million Mixed Shelf Offering For Potential M&A Opportunities
Insider Brief IonQ filed for a $500 million mixed shelf offering. A mixed shelf offering is a regulatory filing that allows a publicly-traded company to register a mix of securities to be sold over time. The move could position the company for future merger and acquisition moves. IonQ filed for a $500 million mixed shelf […]
D-Wave Reports Third Quarter Revenue of $2.6 Million, $53.3 Million in Cash
Insider Brief D-Wave reports 2023 Q3 revenue of $2.6 million, a 51% year-over-year increase. Company reports net Loss for the third quarter of fiscal 2023 was $15.8 million, or $0.12 per share. Deal Size per booking increased by 172% for commercial customers and 178% for all customers. PRESS RELEASE — D-Wave Quantum Inc., (NYSE: QBTS) […]
IonQ Q3 Results: $6.1 Million in Revenue, Sees Growing Momentum
Insider Brief IonQ reports $6.1 million in revenue for the third quarter of 2023. Revenue represents 122% growth compared to $2.8 million in the prior year period. Net loss was $44.8 million and Adjusted EBITDA loss was $22.4 million. PRESS RELEASE — IonQ (NYSE: IONQ), a leader in the quantum computing industry, announced financial results […]
Photonic Collaborating With Microsoft to Power Global Quantum Ecosystem
Insider Brief Photonic Inc. announced a strategic collaboration with Microsoft. The agreement positions the two companies to unlock the next stages of development in quantum networking and power the global quantum ecosystem. The teams hope to usher in a new era of quantum networking and accelerate innovation across the quantum computing ecosystem. PRESS RELEASE — Photonic […]
Quantum Corridor Launches Super-Fast, Super-Secure Fiber-Optic Network
Insider Brief Quantum Corridor representatives said the organization launched one of the fastest, most secure fiber-optic networks in the Western Hemisphere. It’s first transmissions from the Chicago ORD 10 Data Center to a data center in Hammond, Indiana was reportedly 1,000 times faster than traditional networks. The Quantum Corridor will continue to expand its mileage […]
European Photonics Firms Seek €4.25 Billion Investment to Shore Up Continent’s Precarious PIC Position
Insider Brief European photonics CEOs present an eight-year €4.25 billion investment plan to bolster photonics innovation and production in Europe. Europe faces a precarious position in the global market for photonic integrated circuits, according to the executives. The CEOs argue that bolstering Europe’s PIC supply chain is not just about economic benefits but also strategic […]
International Collaboration Works to Connect Two Error-Corrected Qubits
Insider Brief ETH Zurich is leading efforts that focus on the pivotal challenge of connecting two error-corrected qubits. The project involves collaboration with MIT, Forschungszentrum Jülich, Université de Sherbrooke, Zurich Instruments, Atlantic Quantum, and the ETHZ-PSI Quantum Computing Hub at the Paul Scherrer Institute. Connecting error-corrected qubits is considered a fundamental step in advancing quantum […]