Researchers Say Studies Step Toward Quantum Computers For Real-World Finance
Insider Brief Research teams report two experiments showed a marked improvement in computing time requiring a smaller memory footprint using quantum computing techniques. The team adds that the results may help pave the way for their use in real-world applications in the valuation of derivatives. Researchers from Crédit Agricole CIB, Pasqal and Multiverse Computing conducted […]
EPO: Quantum Computing’s Patent Growth is Multiplying, Leads Tech Industry
Insider Brief The European Patent Organization (EPO) reports that the number of inventions in the field of quantum computing multiplied over the last decade. Roughly one out of ten European patent applications in the field of quantum computing has several patent applicants, suggesting active cooperation between them. Key Insight: “The above-average share of international patent […]
Chalmers University to Make New Quantum Computer Available to Industry
Insider Brief Chalmers University of Technology researchers in Sweden plan to make their quantum computer more widely available. The Chalmers quantum computer now has 25 quantum bits, or qubits, but the target is 100 qubits. Development is being supported by the Knut and Alice Wallenberg Foundation. Images: Chalmers | Anna-Lena Lundqvis PRESS RELEASE — Swedish […]
Canada’s Prime Minister Talks to Reporters After Touring Startup Xanadu’s QC Facility in Ontario
Prime Minister’s Announcement As reported by The Quantum Insider yesterday, Prime Minister Justin Trudeau announced a $40-million contribution to a Toronto quantum startup Xanadu Quantum Technologies as they work towards building the world’s first fault-free quantum computer. Speaking at the company’s facility on January 23, Canada’s Prime Minister Justin Trudeau said that several years ago […]
Infleqtion and World View Launch New Quantum Application Testing Solution
Insider Brief Infleqtion and World View announced a partnership to provide faster more cost-effective quantum application testing. The innovation relies on Infleqtion’s compact quantum technology and World View’s patented stratospheric balloon systems. Critical Quote: “Our collaboration with World View allows us to test our next generation quantum sensors in operationally relevant environments, from near earth […]
TQI Exclusive: Pasqal Co-Founder Alain Aspect on Quantum’s Past, Present and Future
Alain Aspect is a French physicist whose ground-breaking work quantum entanglement later led to the 2022 Nobel Prize in Physics, awarded jointly with John Clauser and Anton Zeilinger. Dr. Aspect, in addition to being a member of the French Academy of Sciences and French Academy of Technologies, and a professor at the École Polytechnique, is […]
PASQAL Raises €100 Million Series B Funding to Advance Neutral Atoms Quantum Computing
Insider Brief PASQAL announced it secured a €100 million equity Series B raise led by new investor Temasek. The round was led by new investor Temasek, and includes other news investors the European Innovation Council (EIC) Fund, Wa’ed Ventures and Bpifrance, along with current investors, such as Quantonation, the Defense Innovation Fund, Daphni and Eni […]
Canada Invests $40 Million in Xanadu Quantum Technologies
Insider Brief Canada will invest $40 million to enable the Toronto-based Canadian quantum computing company Xanadu Quantum Technologies Inc. Xanadu’s goal is to build and commercialize the world’s first photonic-based, fault-tolerant quantum computer. Critical Quote: “Quantum technology is changing the world as we know it. With the potential to solve difficult problems in key areas […]
US Establishes the Office of the Special Envoy for Critical and Emerging Technology
Insider Brief The U.S. announced the opening of the Office of the Special Envoy for Critical and Emerging Technology in the Department of State. The office is part of the wider modernization agenda because the constellation of critical and emerging technologies. It will provide a center of expertise and energy to focus on emerging technologies […]
Welinq Closes €5 Million Pre-Seed Round
Insider Brief Paris-based Welinq closed a €5 Million financing round, which was led by Quantonation. Welinq is developing quantum interconnects based on neutral-atom technology and has a goal to to deploy the world’s most efficient quantum memories. Runa Capital also participated in the round.The Paris Region, the French National Quantum Initiative, the French Banque Publique […]