TQI Releases Q1 2023 Report: Boosts in Funding, Concerns About Valuations
The Quantum Insider announced that it published TQI’s Q1 2023 quarterly report, which covers the entire quantum industry and spotlights both commercial and government investments. In light of a string of global economic woes, the quantum community entered the first quarter of the new year with considerable trepidations. Predictions leaned toward a considerably more subdued […]
10 Quantum Computing Groups Known for Collaborating With Startups
Scientific work in quantum computing progressed at an exponential rate last year. Business startups responded accordingly, collaborating with several more than 170 universities with a quantum research group. Business startups have begun to flourish in the quantum industry as a result. According to recent funding data, quantum computing startups raised over $2 billion in funding […]
What Are The Philosophical Implications of Quantum Computing?
“We are stuck with technology when what we really want is just stuff that works.” — Douglas Adams For most people in the quantum computing community, quantum is a technology. It’s based on science and realized through engineering. Beyond the tools of scientific materialism, there’s little “philosophy” needed to build the hardware, software and applications […]
Quantum Matters: Dystopia or utopia? Action needed on D&I in quantum
Diversity and Inclusion in the quantum ecosphere is abysmal. The numbers speak for themselves. In the private sector, only 1 in 54 of all applicants for female roles are female, while almost 80% of quantum companies do not have a senior female figure. There is no data on sexual orientation or ethnicity. In an industry […]
IonQ Reports on ‘Fantastic 2022,’ Eyes Even Faster Growth in 2023
Insider Brief IonQ beats the high end of full year 2022 revenue guidance, with $11.1 million in revenue. Cash, cash equivalents and investments were $537.8 million Critical Quote: “Our financial outlook for the year predicts even faster growth than in 2022, as customers and prospects continue to show enthusiasm for and commitment to our industry-leading […]
Horizon Quantum Computing Raises $18.1 Million (US) Series A to Advance Quantum Software Development
Insider Brief Horizon Quantum Computing announced it has raised $18.1 million (US) Series A and noted that its total funding now stands at approximately $ 21.3 million. Investors include Sequoia Capital India, Tencent, SGInnovate, Pappas Capital and Expeditions Fund. Critical Quote:. “While getting to large scale quantum computing is a daunting challenge, it is undeniable […]
French National Quantum Update: March 2023
Executive Summary The French quantum ecosystem continues to show signs of growth and maturity. The startups that make up this community are gaining recognition not just among the European business and technology communities, but also are gaining interest internationally. Welinq, which just emerged on the scene, already earned prize-winning honors in a global deeptech challenge. […]
Wellcome Leap Announces $40 Million Quantum for Bio Program
The Wellcome Leap announced its Quantum for Bio program, focused on accelerating the application of quantum computing in the field of health and addressing pressing health challenges. Wellcome Leap’s Supported Challenge Program in Quantum for Bio aims to identify, develop and demonstrate biology and healthcare applications that will benefit from quantum computers expected to emerge […]
Alice & Bob Selects Quantum Machines for Advanced Quantum Control Platform
Insider Brief Alice & Bob chose Quantum Machines‘ advanced quantum control platform, the OPX+, to power their quantum computer. Quantum Machines’ OPX+ incorporates a Pulse Processor Unit (PPU) that integrates classical processing and control flow at the heart of the quantum control system. “Working together, we aim to create a shortcut to quantum advantage – […]
Chinese Organizations Form Quantum Computer Patent Alliance
China is forming an alliance on its quantum computing patent portfolio, according to reports from Asian media. A group of Chinese-based organizations created the Intellectual Property (IP) Alliance for Quantum Computing Industry and its affiliated patent pool in Beijing. The alliance aims to combine China’s quantum computing resource and “enhance its development, standardization and industrialization.” […]