TQI’s Q3 Report: Quantum Industry Reaches $1 Billion-plus in Private Capital Mark in 2022 Q3
Private capital flow reached $1.3 billion in the third quarter of 2022 as investments continued to boost businesses and startups in the quantum technology industry, according to The Quantum Insider’s quarterly report. The quarter also registered 16 newly disclosed private funding rounds, according to the report. Quantonation, EeroQ and Classiq were among the companies releasing […]
Nobel Prize in Physics Goes to Pioneering Quantum Entanglement Researchers, Recognizes Growing Real-World Uses of Exotic Phenomena
The 2022 Noble Prize in Physics was awarded to three pioneers who conducted experiments on quantum entanglement. The prize also recognizes that this once esoteric-sounding — and acting — quantum phenomena is becoming the backbone of a rapidly emerging quantum industry. The winners are: Alain Aspect, born 1947 in Agen, France. PhD 1983 from Paris-Sud […]
Pack Quantique, Ile-de-France Fund Projects to Explore Quantum Advantage in Aeronautics, Space and Defence
Insider View New initiatives initiatives to explore advantage of quantum computing for the needs of aeronautics, space and defence — ASD — industries. Quantum advantage in these areas could lead to major advances in these technologies that are growing in importance each day. Major industry players will include Airbus, MBDA and Naval Group The initiative […]
ColdQuanta Expands Leadership Team with Promotion of Chris Wood to Chief Technology Officer and Addition of New Top Talent
Insider Brief ColdQuanta has hired quantum experts: Dr. William Clark as Vice President of Quantum Development, Laura Hale as Vice President of Government Programs and Steve Matthews, as Vice President of Sales & Business Development for Quantum Information Platforms. Chris Wood, has been promoted to Chief Technology Officer. The hires underscore ColdQuanta’s momentum as it […]
TQI Exclusive: Steve Flinter, Quantum’s Solution For Mastercard
In an excellent blog post available on the Mastercard website published in February by Deborah Lynn Blumberg, 6 reasons we need to start thinking about quantum computing now, the American multinational financial services corporation sees half a dozen key points “you need to know about going quantum”: 1. In financial services, the applications are endless — and […]
JPMorgan Chase Latest to Partner With Q-NEXT On Quantum Research Collaboration
Insider Brief JPMorgan Chase will work toward advancing quantum technologies for fundamental algorithms, including in finance, as a member of Q-Next. The Q-NEXT collaboration now comprises 27 institutional partners: 14 companies, 10 universities and three DOE national labs. Quantum technologies could benefit the financial field in several ways, including better risk management and improved predictive abilities. […]
Will Elon Musk Finally Pursue Quantum Computing in 2024?
Although Elon Musk has made no clear statements indicating he is pursuing quantum computing, here we investigate his motive and timing should he choose to do so. Elon Musk is a serial entrepreneur, business magnate and investor who has founded or co-founded no less than seven companies. These are Tesla, Neuralink, SpaceX, The Boring Company, […]
UNSW Quantum Computing Engineers Set New Standard in Silicon Chip Performance
Insider Brief UNSW Sydney researchers demonstrated that ‘spin qubits’ can hold information for up to two milliseconds — coherence time. This is 100 times longer than previous benchmarks in the same quantum processor. Coherence time is the duration of time that qubits can be manipulated in increasingly complicated calculations. The researchers dubbed a method, the […]
Intel Shows Off Advances In Quantum, AI and Neuromorphic Computing
Insider Brief Intel offered a glimpse into its innovations around quantum, AI and neuromorphic computing at the Intel user conference — Intel Innovation. Intel announced the Intel Quantum SDK, designed to help developers learn how to program quantum algorithms. It’s available through Intel’s cloud service. Company executives also detailed progress toward post-quantum cryptography, a part of […]
IonQ Secures Contract to Provide Quantum Solutions to United States Air Force Research Lab
Insider Brief IonQ received a $13.4 million contract to supply the U.S. Air Force Research Lab (AFRL) with access to its quantum computing hardware research and quantum algorithms development. The company notes the agreement marks a commercialization milestone and is a significant public-private partnership for quantum. Michael Hayduk, Deputy Director of the Information Directorate at […]